Technique’s govt chairman, Michael Saylor, congratulates main stablecoin issuer Tether for buying 8,888 Bitcoin in Q1 2025.
To mark the tip of Q1 2025, Tether bought 8,888 BTC for about $735 million. The transaction occurred yesterday, March 31, 2025, at 21:58 (UTC). It elevated the agency’s whole Bitcoin holdings to 92,646 BTC. The greenback equal of Tether’s Bitcoin holdings is $7.75 billion.
Tether’s Bitcoin Holdings
Notably, the newest acquisition aligns with Tether’s technique of buying Bitcoin quarterly utilizing a portion of its internet revenue. After every acquisition, Tether normally strikes the funds to its reserve pockets on the finish of every quarter.
Following the newest transaction, Tether’s reserve pockets ranks within the sixth place among the many Prime 100 Richest Bitcoin addresses. This means that the Tether tackle is the sixth largest by way of the quantity of BTC held by a single blockchain pockets.
For context, Tether made its first Bitcoin buy in September 2022. Ever since, it has launched into a Bitcoin accumulation spree, committing 15% of its internet earnings to buy BTC quarterly.
Saylor Congratulates Tether
Apparently, Tether’s newest Bitcoin buy attracted the eye of Technique’s govt chairman, who congratulated the stablecoin issuer.
“Congratulations [to Tether on acquiring] 8,888 bitcoin in Q1,” Saylor remarked. The commentary means that Saylor considers Tether’s buy of 8,888 BTC as a big improvement worthy of recognition.
Thanks Michael
— Paolo Ardoino 🤖 (@paoloardoino) April 1, 2025
Technique’s Bitcoin Acquisition
It’s not information that Saylor is a significant advocate for the company adoption of Bitcoin. He led Technique (previously MicroStrategy) to accumulate Bitcoin for its treasury.
Because the firm’s first buy in August 2020, it has grown its whole Bitcoin holdings to 528,185, presently price $44.18 billion. Technique acquired 81,785 BTC in Q1 2025 throughout 9 transactions.
Its most up-to-date buy occurred on March 31, buying 22,048 BTC for $1.92 billion. In contrast to Tether, which makes use of 15% of its internet earnings to buy BTC, Technique funds its Bitcoin acquisition with proceeds from its inventory choices, reminiscent of MSTR, STRK, and STRF.
The agency has remained assured in its Bitcoin acquisition initiative, with Saylor believing that BTC would finally attain a market cap of $500 trillion. This represents a surge of 30,020% from the present valuation of $1.66 trillion. Attaining this milestone might increase Bitcoin’s value to $23.81 million from its present worth of $83,700.
