In a bold move that has caught the crypto market’s attention, Tether, the issuer of the world’s largest stablecoin USDT, has purchased 8,888 Bitcoin in the first quarter of 2025. This strategic acquisition, worth approximately $735 million, was executed on the final day of Q1 — a mic-drop moment to end the quarter with style.
Tether buys 8,888 BTC
The Bitcoin haul wasn’t just bought and parked on an exchange. Instead, it was swiftly withdrawn from Bitfinex, a sister company of Tether, and added directly to Tether’s growing Bitcoin reserves. With this transaction, Tether has officially surpassed the symbolic six-figure milestone, now holding a total of 100,521 BTC, currently valued at around $8.29 billion.
This aggressive accumulation strategy cements Tether’s position as one of the largest institutional Bitcoin holders in the world. It also aligns with Tether’s publicly stated policy of allocating up to 15% of its net profit into Bitcoin, viewing it as a reliable long-term store of value.
The significance of the “8,888 BTC” purchase hasn’t gone unnoticed in the crypto community — with the number 8 considered extremely lucky in Chinese culture, some speculate this wasn’t just a purchase, but a statement.
In a market still dancing between bull and bear, Tether’s move sends a clear signal of confidence in Bitcoin’s long-term future — and perhaps, a quiet flex of financial muscle. With over $8 billion now backing its Bitcoin holdings, Tether isn’t just printing stablecoins — it’s stacking sats like a true heavyweight.
