Insights

Tether, the issuer behind the USDT stablecoin, has continued its Bitcoin investment strategy, purchasing an additional 8,888 BTC on the last day of Q1 2025. The latest acquisition, which cost $735 million, expands Tether’s ( USDT ) total Bitcoin ( BTC ) holdings to 100,521 BTC, or roughly $8.29 billion, according to data from Arkham Intelligence. The acquisition is part of Tether’s ongoing strategy to bolster its reserves by allocating 15% of its profits to Bitcoin purchases, a commitment the company made in May 2023. Among the company’s other on-chain assets are $5.16 billion in USDT, $215.85 million in XAUT, and $46.17 million in AUSDF. Tether’s expansion extends beyond cryptocurrencies. On Mar. 27, the company increased its stake in Adecoagro, a Latin American agricultural firm, to 70%. This is in line with Tether’s policy of supporting companies that promote economic freedom, especially in emerging markets. To further expand its investments across a variety of industries, Tether plans to purchase a 30% stake in the Italian media company Be Water. The company reported a record profit of $13.7 billion last year, according to its Q4 2024 report. It established itself as the biggest stablecoin issuer by issuing USDT totaling $45 billion. With a market valuation of $144 billion, USDT now accounts for 61% of the total stablecoin market, far outpacing competitors such as USD Coin ( USDC ), which has a market cap of $60 billion. To ensure that every USDT issued is completely backed, the company maintains $7 billion in excess stablecoin reserves. Tether also made big moves in traditional markets, becoming 2024’s seventh-largest buyer of U.S. Treasury securities with a $33.1 billion investment. This further diversifies Tether’s assets and puts its holdings ahead of nations like Canada, Mexico, and Germany.