Stablecoin issuer Tether has made its largest Bitcoin purchase since March, transferring 8,404.5 BTC—worth approximately $780 million—into its corporate Bitcoin reserve. The addition highlights Tether’s ongoing commitment to increasing its Bitcoin holdings, positioning the company as a significant player in the corporate Bitcoin treasury ecosystem.
Details of the Bitcoin Transfer
According to data from Arkham Intelligence, Tether executed two large transfers into its Bitcoin reserve on December 30:
- 7,628.9 BTC
- 775.6 BTC
These transactions, totaling 8,404.5 BTC, bring Tether’s total Bitcoin holdings to 83,759 BTC, valued at nearly $7.75 billion based on Bitcoin’s current price of $92,500.
Tether’s Strategy: Allocating Profits to Bitcoin
Tether first announced its plan to allocate up to 15% of net realized operating profits toward Bitcoin purchases in May 2023. This latest acquisition aligns with that strategy, demonstrating the company’s long-term confidence in Bitcoin as a store of value.
Bitcoin Treasuries and Corporate Adoption
Tether ranks among the largest Bitcoin holders globally:
- MicroStrategy: Leads the private and public sectors with 446,400 BTC.
- Block.one: Holds 140,000 BTC, making it the largest private Bitcoin holder.
- Tether: Now in third place, with 83,759 BTC in reserves.
The rising popularity of corporate Bitcoin treasuries has been fueled by Bitcoin’s impressive performance, doubling in price during 2024 and reaching a mid-December all-time high of $108,000.
Growing Interest in Corporate Bitcoin Holdings
Corporate interest in Bitcoin treasuries continues to grow:
- KULR Technology Group purchased 217.18 BTC for $21 million, boosting its stock price by 40% on December 16.
- Quantum BioPharma announced a $1 million investment in Bitcoin and other cryptocurrencies to diversify its treasury holdings.
These moves reflect a broader trend of businesses adopting Bitcoin as a hedge against inflation and a means of boosting shareholder value.
Conclusion: Tether’s Strategic Confidence in Bitcoin
Tether’s latest Bitcoin purchase reinforces its commitment to integrating the cryptocurrency into its reserves. As Bitcoin continues to gain traction among corporations and institutional investors, Tether’s strategy positions it as a major player in the evolving financial landscape. With 2025 poised to be another transformative year for Bitcoin, Tether’s growing reserves underline the enduring appeal of digital assets as a long-term investment.