Tether Sitting on $3,860,000,000 in Unrealized Profits After Massive 8,888 Bitcoin Transfer: On-Chain Data

The stablecoin issuer Tether is reportedly sitting on $3.86 billion worth of unrealized Bitcoin ( BTC ) profits.

The crypto tracker Spot On Chain notes Tether has the sixth-largest Bitcoin wallet in the world, with its reserves totaling 92,647 BTC worth $7.88 billion at time of writing.

Tether owns 100,521 BTC in total, meaning the firm holds nearly 8,000 BTC outside its reserves wallet, according to the crypto data platform Arkham .

The stablecoin issuer announced in May 2023 that it would regularly allocate up to 15% of its net realized operating profits toward buying Bitcoin, and it purchased 8,888 BTC worth $735 million in the first quarter of 2025.

Tether chief executive Paolo Ardoino said in 2023 that Bitcoin had emerged as a store of value and “continually proven its resilience.”

“Our investment in Bitcoin is not only a way to enhance the performance of our portfolio, but it is also a method of aligning ourselves with a transformative technology that has the potential to reshape the way we conduct business and live our lives.”

Tether issues USDT, the largest stablecoin by market cap.

BTC is trading at $85,111 at time of writing. The top-ranked crypto asset by market cap is up more than 3% in the past 24 hours but down nearly 3% in the past week.

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