Tether’s Bitcoin Bonanza: $735M Spent, $8.2B Total! šŸ’°šŸš€

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So, Tether, the genius behind the USDT stablecoin, decided to go all-in on Bitcoin again, snagging a whopping 8,888 BTC on the very last day of Q1 2025. Because why not? Who needs a savings account when you can just buy digital gold? šŸ’ø

This latest shopping spree cost them $735 million, which brings Tetherā€™s total Bitcoin stash to 100,521 BTC. Thatā€™s about $8.29 billion, according to the ever-reliable Arkham Intelligence. I mean, who needs a yacht when you can have a virtual currency fortress? šŸ°

And get this: Tether is on a mission to beef up its reserves by throwing 15% of its profits into Bitcoin purchases. This is the same company that made this commitment back in May 2023. Talk about a long-term relationship! šŸ’

But wait, thereā€™s more! Tetherā€™s treasure chest also includes $5.16 billion in USDT, $215.85 million in XAUT, and $46.17 million in AUSDF. I guess theyā€™re just collecting assets like PokĆ©mon cards. Gotta catch ’em all! šŸŽ®

Now, Tether isnā€™t just playing in the crypto sandbox. On March 27, they decided to up their game by increasing their stake in Adecoagro, a Latin American agricultural firm, to 70%. Because nothing says ā€œeconomic freedomā€ like owning a piece of the avocado toast market! šŸ„‘

And if that wasnā€™t enough, theyā€™re also eyeing a 30% stake in the Italian media company Be Water. I mean, who doesnā€™t want to invest in a company that sounds like a motivational poster? šŸ’§

Last year, Tether reported a record profit of $13.7 billion. Yes, you heard that right! Theyā€™ve established themselves as the biggest stablecoin issuer by pumping out USDT worth $45 billion. With a market cap of $144 billion, USDT now holds a staggering 61% of the total stablecoin market. Sorry, USD Coin (USDC), but youā€™re just not in the same league! šŸ†

To make sure every USDT is backed, Tether keeps $7 billion in excess stablecoin reserves. And theyā€™re not just sitting on their hands; they became the seventh-largest buyer of U.S. Treasury securities in 2024 with a $33.1 billion investment. Thatā€™s right, theyā€™re outpacing countries like Canada, Mexico, and Germany. Who knew Tether was the new global superpower? šŸŒ

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2025-04-01 09:22