30-9-2025 – Tether moved 8,888.8 BTC worth approximately $1 billion from a centralized exchange to its reserve address Tuesday, continuing the stablecoin issuer’s policy of allocating quarterly profits to Bitcoin purchases. The transfer was detected by on-chain monitoring service BlockBeats.
The withdrawal follows a pattern established since May 2023, when Tether committed to investing 15% of its net quarterly profits into Bitcoin. The company executed a similar transaction in the first quarter of 2025, purchasing 8,888 BTC valued at $735 million on March 31. The recurring use of the number 8,888—considered auspicious in Chinese culture—appears deliberate in both transactions.
Tether’s Bitcoin accumulation strategy has positioned the company as a significant corporate holder of the asset while diversifying its reserve portfolio beyond traditional fiat-backed instruments. The latest purchase represents a 36% increase in dollar value compared to Q1, reflecting both Bitcoin’s price appreciation and potentially higher quarterly profits for the stablecoin issuer.
