Tether, the stablecoin issuing company, is said to be sitting on unrealized Bitcoin profits (BTC), worth $3.86 Billion.
Spot On Chain, a crypto-tracker, notes that Tether is the 6th largest Bitcoin wallet, its total reserves being 92,647 BTC, worth $7.88billion at the time of writing.
Arkham, a crypto-data platform, reports that Tether holds 100,521 BTC, which is nearly 8,000 BTC besides its reserve wallet.
In May 2023, the stablecoin issuing company announced that up to 15% its operating profit would be allocated towards purchasing Bitcoin. It purchased 8888 BTC for $735,000,000 in the first quarter 2025.
In 2023, Tether’s chief executive Paolo Ardoino stated that Bitcoin was a “store of value” and had “continually proved its resilience”.
Tether is the issuer of USDT, which is by far the biggest stablecoin in terms of market capitalization.
BTC was trading at $85,111 when this article was written. The market capitalization of the top crypto asset has increased by more than 3 percent in the last 24 hours, but is down almost 3% over the past seven days.
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The information in this post, Tether sitting on $3.860,000,000 of unrealized profits after massive 8,888 bitcoin transfer: On-Chain data may change as new developments occur.
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