Tether is quietly accumulating Bitcoin again, which is no longer news but a long-term strategy written into the rules, yet it continues to stir the sensitive nerves of the crypto market.
On-chain data shows that in Q4 2025, Tether made a one-time purchase of 9,850 BTC, valued at approximately $876 million, and this is just a routine operation as per its established strategy—since May 2023, Tether has been clear about extracting 15% of its company profits each quarter to invest in Bitcoin. Now its Bitcoin holdings have reached 96,185 BTC, worth over $8.42 billion, firmly holding the position of the fifth largest Bitcoin wallet globally. Based on a historical average holding price of $51,117, the paper profit has already exceeded $3.5 billion; the king of stablecoins has seemingly become a super bull in the crypto market.