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Stablecoin giant Tether has fortified its cryptocurrency portfolio purchasing an additional 8,888 bitcoin for roughly $735 million this first quarter of 2025. The acquisition increases its total bitcoin reserves to 92,646 BTC valued at about $7.8 billion as it maintains its position with the sixth-largest bitcoin wallet globally. This move aligns with Tether’s quarterly strategy of boosting its reserve wallet which began in earnest in September 2022.
Despite a 12% decline in bitcoin prices marking a challenging start to the year Tether’s recent purchase forms part of a broader diversification plan. Since committing to allocate 15% of its net profits to bitcoin acquisitions in May 2023 the company has seen substantial unrealized gains now sitting at approximately $3.86 billion. This strategy underscores Tether’s resilience and foresight in navigating the volatile crypto markets.
Beyond cryptocurrency Tether is venturing into bitcoin mining energy production and artificial intelligence. This expansion coupled with a recorded $13 billion net profit in 2024 from various investments including U.S. Treasuries and gold highlights its robust growth. With the world’s largest stablecoin supply and new strategic initiatives Tether continues to lead and innovate within the crypto sector.
