The world’s largest stablecoin provider Tether, on April 1 revealed bitcoin purchases totaling 8,888 BTC made during the first quarter of 2025, bringing its overall bitcoin holdings to 92,647 BTC or a mammoth $7.8 billion. Onchain data shows that the Q1 purchases were all moved simultaneously into Tether’s primary bitcoin wallet on March 31^st. The firm, according to reporting by The Block, typically accumulates BTC throughout the quarter and moves it into its primary wallet at quarter-end. The 8,888 BTC was purchased for roughly $735 million, meaning each coin was bought at an average price of about $82,696. Tether’s stablecoin USDT currently has a market capitalization of approximately $144 billion and the company holds total reserve assets equivalent to that figure, meaning bitcoin represents about 5.5% of its reserves, which is consistent with the firm’s most recent reserves report.

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