Tether buys another $735m in BTC in Q1, bringing total holdings to $8.2b

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Tether, the issuer behind the USDT stablecoin, has continued its Bitcoin investment strategy, purchasing an additional 8,888 BTC on the last day of Q1 2025.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The latest acquisition, which cost $735m, expands Tether’s total Bitcoin holdings to 100,521 BTC, or roughly $8.29 billion. The acquisition is part of Tether’s ongoing strategy to bolster its reserves by allocating 15% of its profits to Bitcoin purchases.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Tether’s expansion extends beyond cryptocurrencies. On Mar. 27, the company increased its stake in Adecoagro, a Latin American agricultural firm, to 70%. The company reported a record profit of $13.7 billion last year, according to its Q4 2024 report.