Tether, the issuer of the top USD-pegged stablecoin USDT, today purchased another 8,888 BTC, increasing its total Bitcoin reserves to new highs. Onchain Lens said that Tether acquired it on the last day of Q3, 2025.
Tether’s total BTC holdings have propelled it to second position among private companies with the most BTC reserves. The list is currently led by Block One, which currently holds 164,000 BTC, worth roughly $18.5 billion.
It should be noted that this is not the first time that Tether has acquired such a huge amount of BTC. The company purchased a similar amount of BTC and transferred it to its wallet at the end of Q1, 2025.
To recall, Tether started buying BTC as part of its reserves back in September 2022. Subsequently, in May 2023, the firm announced that it would allocate up to 15% of its net profits each quarter to purchase more BTC.
Since announcing its BTC buying strategy, Tether has consistently enhanced its BTC reserves as part of its long-term diversification strategy. It is worth noting that Tether-backed Bitcoin treasury firm Twenty One also holds around 43,514 BTC currently.
Tether’s Bitcoin reserve wallet address, starting with “bc1qj” is also among the top ten single address holders of BTC. The wallet trails several centralized exchange cold wallets, such as those of Binance.
Tether’s move to accumulate BTC is not an isolated incident. An increasing number of firms have been actively purchasing BTC over the last few years, seeing the digital asset’s extraordinary price appreciation in a relatively short period.
