Tether, issuer of the world’s largest stablecoin, USDT, has displayed more confidence in the world’s leading cryptocurrency, bitcoin (BTC). On the last day of Q1 2025, the firm completed its first purchase of the year, spending about $735 million on BTC.
Due to the crypto’s slight drop in price, the company accrued about 8,888 bitcoins. With the latest purchase, Tether’s total bitcoin holdings now amount to 100,521 BTC, approximately 0.5% of the total fixed bitcoin supply.
Tether’s Crypto Reserve
Tether, like many crypto firms, has continued to boost its bitcoin stash despite wavering market conditions. Remarkably, in May 2023, the company revealed plans to boost its reserves by allocating 15% of its business profits to BTC acquisition.
Following its latest acquisition, the company now holds about $8.5 billion in BTC. In addition to BTC, Tether’s crypto reserve includes $5.16 billion in its stablecoin, USDT, $215.85 million in XAUT, and $46.17 million in AUSDF.
Tether’s Q4 2024 report revealed a staggering profit of $13.7 billion last year. The company has secured its position as the largest stablecoin issuer, as USDT ranks as the world’s fourth crypto with over $143 billion in market capitalization. It covers over 60% of the world’s stablecoin market, surpassing its nearest competitor, USDC, by over $80 billion.
Companies Buy the Dip
This week, several companies across continents have added more BTC to their reserves, including Strategy and Metaplanet.
Strategy, the pioneer of corporate BTC investment, spent about $1.92 billion on Monday to boost its BTC bag by 22,048 units. It currently holds about 528,185 bitcoins. The company started 2025 with a BTC purchase streak; thus, the crypto community eagerly expects further purchase announcements in the coming weeks.
Similarly, Metaplanet, also known as Asian Strategy, has announced a strategic 696 BTC purchase, boosting its stash above the 4,000 BTC mark. Metaplanet paves the way for its investors to gain exposure to BTC as its stock price is affected by the crypto market movement.
Green Week for BTC
Remarkably, Q1 2025 was not rosy for the crypto market, as BTC dropped by more than 15% from its all-time high. The entire crypto market felt the dip, as its market capitalization went below the $3 trillion mark, and many high-cap tokens plummeted.
However, starting the first day of Q2, the market has seen some bullish movements. BTC has surged by 3% to reclaim the $84,000 mark. Its 24-hour trading volume soared by 37% to reach $27.5 billion. At press time, the entire crypto market capitalization sits at $2.73 trillion, a 3.70% increase from the last day of Q1.
