coindesk.com
Stablecoin issuer Tether increased its bitcoin holdings to 92,646 BTC, adding 8,888 BTC for $735 million in the first quarter of 2025.
The company is staying true to its plan to put 15% of its profits each quarter into additional bitcoin purchases. Its current bitcoin stack is worth $7.7 billion at bitcoin's current price just above $83,000.
Tether's USDT stablecoin is the world's largest with a $143 billion market cap. The company raked in $13 billion in profits last year, mostly from interest on its vast holdings of U.S. Treasuries backing USDT.