In Q1 2025, cryptocurrency company Tether purchased a significant quantity of Bitcoin, accumulating 8,888 BTC worth $735 million. This purchase demonstrates Tether’s commitment to increasing its holdings of Bitcoin reserves as the asset experienced a downturn in Q1 2025, experiencing a 12% decline, one of the worst performances in recent years. Tether’s long-term strategy to acquire Bitcoin has been steadily ongoing through quarterly purchases with BTC acquired gradually throughout the quarter and settled at the end. Tether now holds a total of 92,647 BTC worth $7.64 billion, placing them sixth among Bitcoin holders. This represents an impressive $3.86 billion in unrealized profit from their Bitcoin holdings based on data provided by Spot On Chain. The company’s strategy for allocating 15% of its quarterly profits to Bitcoin purchases was initiated in May 2023 with the purchase gradually occurring throughout the quarter. Despite recent market fluctuations, Tether remains optimistic about the future of Bitcoin and continues to invest in the asset. As of April 1, 2025, the price of Bitcoin is at $83,112, a 1.94% increase with heightened market volatility.