Tether once again spent $735 million to increase its holdings by 8,888 BTC, ranking sixth on the list of institutional currency holders
On Monday, Tether, the world's largest stablecoin issuer, withdrew 8,888 bitcoins from the exchange and affiliated company Bitfinex, worth about $735 million. This move brought its total bitcoin holdings to 92,647, with a market value of $7.7 billion. It is worth noting that this increase in holdings was not a whim, but part of Tether's long-term strategy. The company publicly promised last year that it would continue to invest 15% of its net profit in Bitcoin.
Tether's operations coincided with several key moments: on the one hand, US President Trump is promoting a plan to establish a national Bitcoin strategic reserve; on the other hand, Tether also issued $1 billion in USDT on the Tron chain, although the company's CEO Paolo Ardoino emphasized that these new stablecoins have not yet entered circulation, but are only used as reserves to meet future redemption needs. So far this year, Tether has issued a total of $8 billion in USDT on the Tron chain, continuing last year's $22 billion issuance momentum.
With this increase in holdings, Tether's position in the Bitcoin holdings rankings has become more solid. Data shows that it is now the sixth largest Bitcoin holder in the world, second only to Block.one among private companies. If we broaden our horizons to all entities holding coins, although Strategy and major Bitcoin ETF issuers still lead in holdings, Tether's growth rate is remarkable. Its Bitcoin reserves currently account for 5.3% of the total market value of USDT, and this proportion continues to rise.
Market observers pointed out that Tether continues to convert part of its profits into Bitcoin reserves. This move is not only an effective means to hedge the risk of fiat currency inflation, but also demonstrates its firm confidence in the future development of cryptocurrency.
With the vigorous purchases of institutions such as Tether and Strategy, and the national Bitcoin reserve plan promoted by the Trump administration, about 20% of the circulating Bitcoin has been locked up by institutions.
In this context, if individual investors want to profit from it, they must adopt more flexible strategies and forward-looking actions to adapt to new changes in the market.
What impact do you think Tether's wave of operations will have on the crypto market? Leave a message in the comment area to discuss!
