Tether bought 8,888 BTC ($734M) in Q1 2025

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Tether bought 8,888 BTC ($734M) in Q1 2025

Inflow

Related addresses

Tether: Bitcoin Reserves bc1qj

Total tokens transferred

8.888K

BTC

Related transactions

Bitfinex

Tether: Bitcoin Reserves bc1qj

Mar 31, 20:58

USDT issuer Tether just withdrew all 8,888 BTC ($734M) bought in Q1 2025 from Bitfinex to its wallet:

transaction: f6cdfd459b4b4357700f3cabba92d278b923f330fdc88877b4413b2883e4c5a8
address: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4

In May 2023, Tether announced plans to allocate 15% of its profits each quarter to Bitcoin purchases for its reserves, with BTC acquired gradually throughout the quarter and settled at the end.

Currently, Tether holds 92,647 BTC ($7.64B) at its Bitcoin Reserves, making it the 6th largest BTC wallet, with an estimated $3.86B unrealized profit.

The BTC price dropped ~12% in Q1 2025, marking the worst Q1 in 7 years!

Fig 1. Tether withdrew all 8,888 BTC ($734M) bought in Q1 2025 from Bitfinex to its wallet just now.

#tether

#buy

#bitcoin

#massive

#q1

#2025

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