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Tether accumulated another 9,850 BTC in Q4, bringing the total reserves to over 96,185 BTC
【Crypto World】Stablecoin issuer Tether is quietly accumulating more coins. According to on-chain data monitoring, Tether bought 9,850 Bitcoins in Q4 2025, with a total value of approximately $876 million. Specifically, on November 7th last year, they withdrew 961 BTC from Bitfinex, worth about $97.18 million; by January 1st, 2026, they withdrew another 8,888.8 BTC, valued at approximately $778 million, all transferred to their BTC reserve address.
Interestingly, Tether had already issued a strong statement in May 2023 — committing to buy Bitcoin with 15% of the company’s profits each quarter. This is not just talk; they are actually following through. Usually, at the end of each quarter or the beginning of the next, they move that quarter’s BTC into on-chain wallets. So far, Tether’s BTC reserve address has accumulated 96,185 BTC, worth $8.42 billion, ranking fifth among global BTC wallets.
What’s fascinating is that the average cost basis of these BTC holdings is $51,117 per coin, but the current market price has long surpassed that. Doing the math, these reserves alone have an unrealized profit of $3.524 billion. This move also reflects that major institutions remain quite confident in the long-term value of Bitcoin.