Tether Adds Nearly $1 Billion in Bitcoin to Its Reserves
Tether, the company behind the biggest stablecoin USDT, has bought 8,889 bitcoins. This purchase is worth about $1 billion. It happened at the end of the third quarter of 2025. The data comes from Arkham Intelligence, which tracks blockchain activity.
With this latest buy, Tether now holds around 86,335 bitcoins. At today’s prices, that is more than $10.1 billion. This makes Tether one of the largest companies holding bitcoin. Other big holders include Strategy and Block.
Tether’s Regular Bitcoin Buying
Tether has been buying bitcoin regularly. In May 2023, the company said it would spend 15% of its profits on bitcoin. Since then, it has added more bitcoin to its reserves every quarter.
Tether’s CEO, Paolo Ardoino, confirmed the recent purchase by replying “yeah” to a social media post tracking the move.
The bitcoins were moved from Bitfinex hot wallets to wallets owned by Tether. Bitfinex and Tether are closely connected, so these transfers are normal for them.
Tether’s Strong Balance Sheet
Tether is not only buying bitcoin. It also holds about 7 tons of gold. Plus, it has more than $127 billion in U.S. Treasury bonds. These details come from Tether’s recent financial reports.
By holding bitcoin, gold, and U.S. Treasuries, Tether is trying to protect itself from inflation and market risks. The company wants to be more than just a stablecoin issuer. It hopes bitcoin will act as a stable hedge over time.
USDT Remains the Top Stablecoin
Even though Tether is buying more bitcoin, its stablecoin USDT is still the market leader. The supply of USDT is nearly $175 billion. This is about 59% of the global stablecoin market.
Tether’s New Stablecoin and Fundraising Plans
Tether is launching a new stablecoin called USAT. This coin will follow U.S. regulations. It will be managed by Anchorage Digital Bank and Cantor Fitzgerald. The project is led by Bo Hines, a former White House advisor.
USAT aims to compete with Circle’s USDC, the top U.S. regulated stablecoin.
Tether is also planning a huge fundraising round. Reports say it wants to raise $15 to $20 billion. This would sell about 3% of the company. If successful, Tether’s value could reach $500 billion. That would make it one of the largest private companies in the world, alongside SpaceX and OpenAI.
Financial experts believe Tether could become very profitable. Matt Hougan, Chief Investment Officer at Bitwise, said Tether might become “the most profitable company in history.” He pointed to Tether’s access to global money markets and its growing reserves.
