According to reports, Tether purchased 8,888 Bitcoin in Q4 2025, increasing its holdings to over 96,000 BTC, according to CEO Paolo Ardoino. This move is part of a strategy where Tether allocates 15% of its quarterly profits to Bitcoin. This policy could translate stablecoin earnings into recurring spot demand for BTC if USDT liabilities expand and short-term rates remain high. As of September 30, 2025, Tether's reserves were $181.223 billion against $174.445 billion in liabilities, leaving $6.778 billion in excess reserves. The company's Bitcoin holdings were valued at $9.856 billion, representing about 5.4% of total reserves. Tether's strategy creates a channel for interest income from U.S. Treasury exposure to drive crypto demand.

According to reports, Tether purchased 8,888 Bitcoin in Q4 2025, increasing its holdings to over 96,000 BTC, according to CEO Paolo Ardoino. This move is part of a strategy where Tether allocates 15% of its quarterly profits to Bitcoin. This policy could translate stablecoin earnings into recurring spot demand for BTC if USDT liabilities expand and short-term rates remain high. As of September 30, 2025, Tether's reserves were $181.223 billion against $174.445 billion in liabilities, leaving $6.778 billion in excess reserves. The company's Bitcoin holdings were valued at $9.856 billion, representing about 5.4% of total reserves. Tether's strategy creates a channel for interest income from U.S. Treasury exposure to drive crypto demand.