Tether, the issuer of the world’s largest stablecoin, has boosted its Bitcoin reserves by $1 billion, bringing its total holdings to almost $10 billion.
Data from Arkham Intelligence reveals that a wallet labeled “Tether: Bitcoin Reserves” recently received 8,889 Bitcoin from Bitfinex, a crypto exchange closely linked to the company.
The new addition raises the value of Tether’s Bitcoin reserves to approximately $9.79 billion, based on the prevailing market price. This transfer represents one of the largest single top-ups to Tether’s Bitcoin balance this year.
Consistent Buying at Quarter-End
Tether’s Bitcoin purchases are not random. Historical blockchain activity indicates that the company often tops up its Bitcoin wallet at the end of each quarter. Similar transactions were observed in September 2024, December 2024, and March 2025.
Market analysts suggest that this pattern reflects Tether’s intention to strengthen its balance sheet ahead of quarterly attestations.
Beyond direct accumulation, Tether has also been active in Bitcoin-related investments. In June, the firm provided $1.4 billion worth of BTC to Twenty One Capital (XXI), a Bitcoin treasury company led by CEO Jack Mallers.
The move sparked speculation that Tether might be considering shifting some of its reserves into gold. However, CEO Paolo Ardoino dismissed those claims, reiterating that Bitcoin remains a core part of the company’s long-term reserve strategy.
Reserves and Financial Attestations
As of the end of June, Tether reported $8.9 billion in Bitcoin reserves, according to its second-quarter attestation. The next official report, due in late October, will confirm updated holdings, including the latest billion-dollar purchase.
These attestations play a crucial role in building trust. Critics of Tether have long questioned the transparency of its reserve management.
USDT Supply Nears $175 Billion
Alongside Bitcoin accumulation, the supply of USDT has continued to expand. CoinGecko data shows the stablecoin’s circulating supply has climbed to approximately $174.6 billion, a 10.7% increase over the past quarter.
USDT remains the most widely used stablecoin worldwide, dominating both centralized exchanges and decentralized finance (DeFi) platforms. Its expansion highlights the rising demand for dollar-pegged assets in crypto markets, particularly during periods of volatility.
Expansion into the U.S. Market
Meanwhile, Tether is formally entering the U.S. market. The company has established a domestic branch led by Bo Hines, a former White House advisor on crypto policy.
In addition to USDT, Tether is developing a federally compliant stablecoin, USAT, signaling a strategic shift toward adoption in the regulated U.S. financial system.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
