Tether’s Massive $1B Bitcoin Purchase Pushes Reserves to Staggering $9.7B

Tether just dropped a billion-dollar bet on Bitcoin—and Wall Street bankers are probably clutching their pearls.

The Bitcoin Treasury Grows

Another quarter, another massive Bitcoin accumulation from the stablecoin giant. Tether's Q3 buying spree added exactly $1 billion worth of BTC to their already massive reserves.

Numbers Don't Lie

The total Bitcoin holdings now stand at a jaw-dropping $9.7 billion. That's enough to make traditional finance managers question their bond portfolios.

Strategic Moves

Tether continues treating Bitcoin like the digital gold it claims to be—while traditional banks keep stacking paper promises. The stablecoin issuer clearly sees what many legacy institutions still pretend not to notice.

Meanwhile, your local bank still charges $35 for overdrafts while paying 0.01% on savings accounts. Just saying.

Bitcoin at the core of Tether’s reserve strategy

This latest acquisition is a direct execution of a policy Tether formally announced in 2023, committing to allocate up to 15% of its net realized operating profits toward purchasing Bitcoin. The stablecoin giant described the MOVE as a way to diversify the reserves that support USDT’s peg to the U.S. dollar.

While Bitcoin is not the sole backing for USDT, its growing weight on Tether’s balance sheet illustrates the company’s view of the asset as a hedge against traditional market risks. By holding non-sovereign, hard assets alongside cash and cash equivalents, Tether is betting that Bitcoin can function as a long-term counterweight to inflation and sovereign-debt instability.

This distinction matters given that USDT, with nearly $175 billion in circulation, now serves as the largest pool of dollar liquidity in the crypto economy. For context, USDT’s closest competitor, Circle’s USDC, had a market cap of $73 billion at last check, according to crypto.news data.

Beyond direct treasury purchases, Tether is deepening its involvement in the broader Bitcoin ecosystem through strategic capital allocations. Earlier this year, the firm reportedly seeded more than $1.4 billion in Bitcoin to Twenty One Capital, a treasury-management firm led by Strike CEO Jack Mallers, where Tether is a lead investor.