Tether, issuer of the stablecoin USDT, acquired 8,888 Bitcoin in the first quarter of 2025, according to on-chain data.
The on-chain transaction data shows that Tether moved its newly acquired Bitcoin (BTC), valued at approximately $750 million at the time of writing, from a Bitfinex address to a wallet that it controls. Data provided by the on-chain analysis platform Arkham Intelligence indicates that the firm currently holds 100,521 BTC, worth about $8.46 billion.