Stablecoin giant Tether is continuing its established strategy by adding new BTC worth $1 billion to its Bitcoin reserves.
The stablecoin giant Tether transferred 8,888 BTC (approximately $1 billion) to its Bitcoin reserves, increasing its total Bitcoin treasury to 109,410 BTC. The transfer, tracked via addresses tagged by on-chain data platforms Arkham and Nansen, aligns with Tether’s habit of accumulating Bitcoin at the end of every quarter.
The fact that the transfer originated from Bitfinex raised the question of whether this was a new purchase or an internal movement. While the company did not make an official statement, CEO Paolo Ardoino’s “yes” reply to a social media post about the transfer suggests the move was a new acquisition.
As part of its long-term diversification strategy, which it has maintained since 2022, Tether allocates 15 percent of its net quarterly profit to buy Bitcoin. With this latest purchase, Tether now holds the world’s second-largest private company Bitcoin treasury, excluding publicly listed companies, with a BTC asset value of $12.4 billion.
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