On-chain data reveals that Tether, the issuer of USDT, executed a notable transaction during the recent Bitcoin downturn, withdrawing 961 BTC, valued at approximately $97 million, from Bitfinex. This transaction, flagged by blockchain trackers monitoring Tether's Bitcoin reserve address, marks its first significant accumulation since late Q3 2025.
A Strategic Buy-the-Dip Move
Historically, Tether's Bitcoin purchases have followed a quarterly pattern, occurring on the final day of each quarter and utilizing 15% of the company's realized profits. However, this latest withdrawal deviates from that established practice, indicating an opportunistic acquisition strategy in response to recent price weakness around the $100,000 level.
Tether's wallet now holds 87,296 BTC, with a current valuation of $8.84 billion. This substantial holding positions the firm as one of the largest institutional Bitcoin holders globally. The company's estimated average acquisition price stands at $49,121, resulting in a floating profit of approximately $4.55 billion at current market prices.
Long-Term Commitment Amid Volatility
Tether's strategy of investing in Bitcoin, introduced in 2023, is designed to diversify the company's reserves beyond traditional assets such as U.S. Treasuries. Despite the inherent volatility of the cryptocurrency market, Tether's consistent accumulation of Bitcoin has served to reinforce market confidence, underscoring that major stablecoin issuers remain actively involved in the Bitcoin economy.
With this latest purchase, analysts suggest that Tether's action could signal renewed institutional conviction at current price levels, even as market participants continue to debate whether the current correction phase is approaching its conclusion.