Tether Acquires 961 BTC Worth $98.9 Million for Treasury

Tether, the issuer of the world’s largest stablecoin USDT. It has added another 961 Bitcoin to its treasury, worth nearly $98.9 million. The purchase reinforces the company’s ongoing strategy of diversifying its reserves through direct Bitcoin holdings.

Tether Adds to Its Growing Bitcoin Stack

According to on-chain data, the transaction originated from a Bitfinex hot wallet and was transferred to the Tether official Bitcoin reserve address. The purchase marks one of Tether’s smaller acquisitions this year. Following its major $1 billion Bitcoin buy in September. That earlier transaction added about 8,889 BTC to its treasury. This brings total holdings above 86,000 BTC. 

With this latest purchase, Tether continues to solidify its position as one of the largest institutional holders of Bitcoin globally. The company has made it clear in past statements that it views Bitcoin as a key component of its reserve diversification strategy. While Tether primarily backs its USDT stablecoin with cash, short-term Treasuries and other assets. It has increasingly leaned into Bitcoin as a store of value and hedge against inflation.

A Strategic Move Amid Rising Bitcoin Prices

The latest purchase comes at a time when Bitcoin prices have once again crossed $106,000. It reached new all time highs in November. Despite market volatility, Tether appears to be maintaining a steady accumulation strategy. It buys Bitcoin during dips and rallies. This approach aligns with comments from Tether CEO Paolo Ardoino, who has emphasized Bitcoin’s role as “the ultimate reserve asset.” Tether consistent purchases reflect confidence in Bitcoin’s long term growth. Even as regulatory scrutiny around stablecoins continues to evolve across major markets.

Expanding a Billion-Dollar Treasury

Tether third-quarter report revealed that the company allocated part of its excess profits to acquiring Bitcoin. This marked a shift from earlier years when the company’s reserves were heavily concentrated in U.S. Treasuries and cash equivalents. By holding Bitcoin directly, Tether aims to strengthen transparency and reduce dependence on traditional financial assets. Its holdings, now valued at several billion dollars. This contributes to growing institutional demand for Bitcoin as a treasury asset. It is similar to corporate strategies seen at MicroStrategy and Tesla.

Tether’s Role in the Broader Crypto Ecosystem

As the largest stablecoin issuer, Tether financial decisions often ripple across the crypto market. Its ongoing Bitcoin acquisitions not only reinforce trust among USDT users. But also send a strong signal about institutional conviction in Bitcoin’s value. While the $98.9 million purchase may seem modest compared to Tether billion-dollar reserves. It underscores a clear message: Tether is in Bitcoin for the long run. With prices climbing and institutional adoption accelerating. The stablecoin giant’s growing Bitcoin stack could further anchor its influence in the digital asset ecosystem.