Overview
- CEO Paolo Ardoino confirmed the Jan. 1 transfer of 8,888.8888888 BTC into Tether’s reserve wallet.
- Tether’s disclosed bitcoin holdings stand at about 96,185 BTC valued near $8.42 billion, placing its wallet among the five largest known addresses.
- On-chain analysts estimate Tether accumulated roughly 9,850 BTC in Q4 2025, or about $876 million, including a 961 BTC Bitfinex withdrawal in November.
- Analysts peg Tether’s average acquisition cost around $51,100 per BTC, implying more than $3.5 billion in unrealized gains at current prices.
- Tether says bitcoin remains a minority sleeve alongside reserves dominated by U.S. Treasuries, as S&P downgraded USDT’s risk assessment to 5 (weak) citing disclosure and high‑risk asset concerns.