Tether Adds $780 Million in Bitcoin to Reserves in Largest Purchase Since March

Market Move: Stablecoin giant makes largest BTC transfer since March as crypto market eyes bullish signals

  • Tether transferred 8,404.5 BTC (approximately $777.4 million) to its reserve holdings on December 30.
  • The transfer occurred in two separate transactions: 7,628.9 BTC and 775.6 BTC.
  • This marks Tether’s largest Bitcoin reserve movement since March 2023.
  • Tether’s total Bitcoin holdings now stand at 83,759 BTC.
  • The current value of Tether’s Bitcoin reserves amounts to approximately $7.75 billion.

Tether, the world’s largest stablecoin issuer, has added over 8,400 Bitcoin worth approximately $777.4 million to its corporate reserves, according to blockchain analytics firm Arkham Intelligence. The December 30 transfer represents the company’s most substantial Bitcoin acquisition since March 2023.

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Transaction Details

The transfer occurred through two distinct transactions. The primary movement consisted of 7,628.9 BTC, followed by a smaller transfer of 775.6 BTC. These additions occurred as Bitcoin’s price approached $92,500, highlighting the strategic timing of the reserve increase.

Reserve Management Strategy

The latest acquisition brings Tether’s total Bitcoin holdings to 83,759 BTC, valued at approximately $7.75 billion. This substantial reserve position reinforces Tether’s strategy of maintaining diverse asset backing for its USDT stablecoin, which requires maintaining a 1:1 dollar peg through various assets including:

  • Traditional cash reserves
  • Commercial paper
  • Cryptocurrency holdings
  • Other financial instruments

These strategic Bitcoin purchases align with Tether’s broader asset management approach, as the company continues to expand its cryptocurrency holdings while maintaining regulatory compliance and reserve transparency.

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