Tether, the issuer of the world’s largest stablecoin USDT, acquired 8,888 Bitcoin in the first quarter of 2025.

According to crypto analytics firm SpotOnChain, the purchase is worth approximately $735 million and raises Tether’s total Bitcoin holdings to 92,647 BTC, valued at around $7.64 billion.

The firm’s Bitcoin holdings now place it among the top six largest BTC wallets, and according to SpotOnChain, its estimated unrealized profit is $3.86 billion.

Tether has maintained a consistent Bitcoin acquisition strategy since May 2023, when it committed to allocating 15% of its quarterly profits to the top digital asset.

These purchases are typically made throughout the quarter and settled at the end. Onchain data reveals the firm has acquired the same amount, 8,888 BTC, each quarter since that announcement.

This strategy is part of a broader effort to diversify its reserves, which include gold, cash equivalents, and other short-term assets.

Tether’s expansion

Beyond growing its crypto reserves, Tether is also actively expanding into other industries.

On March 31, Tether CEO Paolo Ardoino revealed that the company is scaling its operations in artificial intelligence, telecommunications, and data infrastructure. According to him, the firm is currently hiring across these sectors.

Ardoino stressed that Tether aims to challenge legacy Web2 companies by building decentralized consumer-facing products powered by peer-to-peer technologies.

He stated:

“Tether’s portfolio of upcoming projects and products is gonna disrupt many legacy Web2 businesses. We focus on real world consumer apps decentralization through peer-to-peer technology.”

Last month, Tether acquired nearly 50 million shares in Adecoagro, a Latin American agribusiness, increasing its ownership to 70%. The firm operates in Argentina, Brazil, and Uruguay and focuses on sustainable agriculture and food production.

In addition, Tether secured a 30.4% stake in Italian media company Be Water through a €10 million investment involving both capital infusion and equity purchase.

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