Tether's $6 Billion Bitcoin Hoard: A Private Position Without a Price

Tether holds an impressive 97,141 Bitcoin (BTC), valued at around $6 billion at current prices. This accumulation began in 2023, with a policy of allocating up to 15% of realized quarterly operating profits to Bitcoin.

The most recent additions to Tether's BTC holdings were made on January 1, with an 8,888.8 BTC transfer worth roughly $778 million at the time. This is part of a consistent pattern of periodic purchases consolidated near quarter-end.

Tether's BTC position is just one leg of its diversified reserve strategy, which also includes around 116 metric tons of gold valued above $17 billion and approximately $135 billion in US Treasuries. Against these reserves sits roughly $185 billion of USDT in circulation.