Tether’s Bitcoin Acquisition Amid BTC Price Recovery
Tether, the issuer of USDT stablecoin, has boosted its reserves of Bitcoin (BTC) with a recent acquisition worth $735 million. Blockchain data from Arkham verifies that Tether moved 8,888 BTC from Bitfinex crypto exchange on Monday, March 31, at exactly 20:58 UTC.
This new transaction brings Tether’s Bitcoin holdings to 92,647 BTC, which, at today’s market rate of $84,323.34 per BTC, is worth an approximate value of $7.7 billion. With Bitcoin increasing by 3.60% today, Tether cements its position as one of the largest BTC holders globally, as highlighted in our previous post.
Tether’s dominance in the stablecoin market still continues, holding 61% of the entire supply of stablecoins. The market capitalization of the company currently stands at about $144 billion, and the entire stablecoin market is valued at around $234 billion.
The recent acquisition solidifies Tether’s status among the biggest holders of Bitcoin. The purchase elevated its position as the sixth-largest BTC holder. Further, information from Bitcoin Treasuries shows Tether to be the second-largest private company stockpiling Bitcoin, behind only Block.one. Meanwhile, Strategy (previously MicroStrategy) and the top U.S. Bitcoin spot ETF issuers, BlackRock, Fidelity, and Grayscale, are the only institutions holding more BTC.
This purchase is in line with Tether’s policy of investing 15% of its net realized operating profits in buying Bitcoin. This policy, initiated in May 2023, reflects the company’s long-term holding of the asset. Tether’s previous major buy was in December 2024, when it bought 8,404 BTC, increasing its holdings at the time to 83,759 BTC.
Source: Michaël van de Poppe | X
Moreover, amid Tether’s latest purchase and a significant rebound in BTC price, analysts have turned positive. Crypto analyst Michaël van de Poppe explained the price movement of Bitcoin on X as he expects a further upward momentum. However, he also cautioned against increased volatility. He wrote, “Bitcoin climbing upwards, good signs coming in. Tomorrow will be a volatile day, and I suspect that we’ll rotate into an upward trend from that point.”
More USDT Minting On Tron
On the same date that it made its Bitcoin acquisition, Tether also saw considerable on-chain action by minting another $1 billion USDT on the Tron network. CEO Paolo Ardoino affirmed the transaction, explaining that it was an approved but not yet issued mint intended to serve as inventory for upcoming issuance requests.
Since the start of 2025, Tether has minted a combined total of $8 billion USDT on the Tron network. In the last year, this total has hit $22 billion, showing the increasing use of the blockchain in stablecoin transactions. Currently, the Tron blockchain has processed authorized transactions worth $66.7 billion, ranking behind Ethereum’s $75.9 billion.