Tether has added 8,888 BTC to its reserves, equivalent to $735 million, during the first quarter of 2025. This acquisition brings Tether's total Bitcoin holdings to 92,647 BTC, valued at approximately $7.64 billion. As a result, Tether is now recognized as the sixth-largest holder of Bitcoin globally.

According to data from Spot On Chain, Tether's Bitcoin investments have generated $3.86 billion in unrealized profits. This strategy aligns with the company’s commitment made in May 2023 to allocate 15% of its quarterly profits toward Bitcoin purchases.

Despite a challenging market, where Bitcoin experienced a 12% decline in the first quarter—one of its worst performances in seven years—Tether remains focused on increasing its Bitcoin assets.

Currently, the price of Bitcoin stands at $83,112, reflecting a modest increase of 1.94%. The overall market has been characterized by rising volatility, contributing to uncertain investor conditions.

In addition to its Bitcoin strategy, Tether has also been actively minting new USDT stablecoins. Over the past day, the company has issued an additional billion USDT on the TronDAO platform, bringing its total USDT supply on Tron to over $8 billion.

As new competitors enter the stablecoin market, including Ripple's RLUSD and Circle's expansion, Tether maintains its position as a leading player in the space.