Tether has expanded its Bitcoin holdings, executing two major purchases worth approximately $1 billion combined. On-chain data revealed that the stablecoin issuer added 961 BTC valued at around $97 million, followed by an additional 8,888 BTC transfer from Bitfinex’s hot wallets to its reserve address. The move raises the company’s total Bitcoin balance to 87,296 BTC, valued at roughly $8.9 billion.
According to blockchain analytics shared by EmberCN, the transaction occurred just two hours before detection, marking one of Tether’s largest mid-quarter allocations since it began purchasing Bitcoin using 15% of its profits in 2023.
USDT 发行商 Tether (泰达) 在最近的下跌里抄底了 BTC 吗？
他们的 BTC 储备地址在 1 小时前从 Bitfinex 提取了 961 枚 BTC ($9718 万)。这个钱包存放的 BTC 是他们从 2023 年以来用 15% 的公司利润购买的，之前只在每个季度的最后一天从 Bitfinex 提出当季度购买的 BTC。
目前他们的 BTC… https://t.co/Y3dZBa33Br pic.twitter.com/6I54OqNWZB
— 余烬 (@EmberCN) November 7, 2025
The reserve wallet, managed separately from Tether’s operational holdings, now ranks as the sixth-largest globally among institutional and corporate Bitcoin holders. Only entities such as MicroStrategy, Block.one, and major exchange-linked cold wallets hold larger amounts of BTC. Among private firms, Tether stands second only to Block.one, which maintains approximately 140,000 BTC.
The latest maneuver aligns with Tether’s recurring pattern of accumulating Bitcoin alongside gold. Historical data from Arkham indicate that similar reserve expansions occurred at the end of March, December, and last September, marking a consistent quarterly trend.
In June, Tether also allocated more than $1.4 billion worth of BTC to Twenty One Capital (XXI), a Bitcoin treasury firm led by Strike CEO Jack Mallers, where Tether acts as a lead investor. At the time, CEO Paolo Ardoino dismissed speculation that the firm was liquidating BTC to acquire gold, emphasizing its continued commitment to digital reserves.
Correct.
Tether didn't sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI.While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land.
Tether is the Stable Company. https://t.co/4KxdeNEsOE
— Paolo Ardoino 🤖 (@paoloardoino) September 7, 2025
Unrealized Profit and Institutional Comparison
Data from Bitcoin Treasuries indicates that Tether’s average Bitcoin acquisition cost sits near $49,121 per BTC. At current market valuations, the firm holds an estimated unrealized profit of about $4.55 billion. The company’s growing portfolio underlines its steady participation in the broader wave of institutional Bitcoin accumulation that began accelerating through 2024.
MicroStrategy remains the largest corporate Bitcoin holder with 641,205 BTC, valued at approximately $65.4 billion and representing just over 3% of Bitcoin’s circulating supply. Exchange-traded funds collectively own an estimated 1.53 million BTC, around 7% of the total supply.
Tether continues to maintain its leadership in the stablecoin sector, with its USDT token holding a market capitalization of $183.3 billion, more than twice that of Circle’s USDC, which stands at nearly $75 billion. Most of USDT’s issuance resides on Ethereum and Tron, with respective network shares of 47.92% and 42.08%.
The CoinRemark Team
Evans Kelvin
