Tether has moved quickly and quietly to add 8,888 Bitcoin to its reserves.
The value? Around $735 million. Not a small number, even for a big player in the crypto world. The move was immediately detected by blockchain trackers when Tether’s reserve wallet made a massive withdrawal from Bitfinex’s hot wallet.
According to Arkham, the wallet address is now recorded as holding more than 92,647 Bitcoin worth around $7.65 billion, making it one of the six largest Bitcoin wallets in the world.
Source: Arkham
Interestingly, Tether has previously stated that they will routinely use 15% of the company’s profits to buy Bitcoin. If you draw an analogy, it would be like someone who always sets aside part of their salary to buy gold bullion every month—the difference is, this is Bitcoin, and the amount is in the billions of dollars.
Tether Prints 1 Billion USDT Amid Correction
Furthermore, just a few days earlier, on March 28, 2025, Tether also issued an additional 1 billion USDT tokens. This massive printing comes amid Bitcoin’s price correction, which had fallen below $85,000.
Such a move is often associated with efforts to add liquidity to the market. This is because when liquidity is tight, price movements can become more unpredictable.
Tether Explores Media Industry With New Investment
On the other hand, Tether’s business direction also appears to be expanding. On March 27, 2025, Tether announced that it had purchased a 30.4% stake in Be Water—a media company engaged in audio, video, film, and live broadcast content.
Many people frowned: what does a stablecoin issuer have to do with the media industry? However, this move shows that Tether does not seem to want to focus only on the crypto world and is starting to explore the media sector as part of its long-term strategy.
Russia Turns to Crypto for Oil Trade
Meanwhile, the world continues to change, including the way major countries conduct trade. In mid-March, it was reported that Russia is now increasingly using crypto, including Tether, in oil transactions with China and India. This is done to avoid the Western financial system, which is full of sanctions.
So, if in the past large transactions between countries always involved central banks and US dollars, now it is enough with a digital wallet and blockchain network.
Becomes the Seventh Largest US Debt Holder
Not only that, CNF also previously reported that Tether had become the seventh largest holder of US government bonds throughout 2024.
The total value of the debt securities they hold reached $33.1 billion, on par with large countries such as Germany and South Korea. Quite surprising, considering that Tether is not a country, but its financial influence has reached a country scale.