Tether (USDT) Has Acquired 8,888 Bitcoin (BTC), Boosting Its Total BTC Held to 100,521 Units

Tether, the company behind the leading stablecoin USDT, has acquired 8,888 Bitcoin (BTC), boosting its total BTC held to 100,521 units

According to Arkham Intelligence data, Tether has acquired 8,888 Bitcoin (BTC), boosting its total BTC to 100,521 units, valued at $8.35 billion.

The acquisition was made before Q1 ended. As BTC prices fall, big players are buying up the most valuable token by market cap.

The purchase was executed on March 31 at around 8 PM UTC as Bitcoin exceeded $83,000. Bitcoin is now trading at about $83,449, up 1.5% in the last 24 hours.

(Image Credit: Konstantin Yakovenko via Unsplash)

Earlier on Monday, Michael Saylor’s Strategy also announced the acquisition of 22,048 Bitcoin, worth $1.92 billion. The purchase, made last week, brings the firm’s Bitcoin stash to 528,185 BTC.

According to recent SEC filings, Bitcoin miner MARA Holdings is planning a $2 billion stock offering to purchase more Bitcoin. The company intends to use the proceeds from the at-the-market (ATM) offering for general corporate purposes, including acquiring additional Bitcoin and covering its working capital needs.

The strategy is likely inspired by the Bitcoin approach of Saylor-led Strategy, which has also aggressively accumulated Bitcoin through stock offerings.

A newcomer, GameStop, announced last week that it plans to issue $1.3 billion in convertible senior notes due in 2030 to fund Bitcoin purchases.

This came after the company confirmed its strategy to bring Bitcoin onto its balance sheet, aiming to optimize investment returns and provide liquidity for day-to-day operations.

The notes are zero-interest and can be converted into GameStop stock at a premium.

Although major institutions are still scooping up more Bitcoin, the prices of Bitcoin do not immediately react.

Bitcoin wrapped up Q1 with around an 11% decline, as investors turn risk-averse ahead of Liberation Day when a series of Trump’s tariff policies will take place.