Tether has accumulated nearly $100 million worth of Bitcoin, holding a total of 87,296 BTC, solidifying its position as the sixth-largest Bitcoin holder.

Tether Withdraws Nearly $97 Million in Bitcoin Before Quarter-End, Reigniting Institutional Investors’ Long-Term Strategies

(Background Recap: Tether Valuation Surpasses $50 Billion, Overtaking SpaceX and ByteDance — A Deep Dive into the Rise of the Stablecoin Leader)
(Additional Context: Tether Holds a Massive US Debt Portfolio! Its Debt Holdings Surge to $135 Billion, Outpacing South Korea to Rank 17th Globally)

The world’s largest stablecoin issuer, Tether, has once again made a significant move as a “whale.” On the evening of November 6, on-chain data shows that Tether transferred 961 Bitcoin from its Bitfinex address, valued at approximately $97.18 million. This action is not an isolated event but part of a recent trend following the firm’s policy established in 2023 to reinvest 15% of net profits into Bitcoin.

Currently, Tether’s Bitcoin holdings total 87,296 BTC, estimated to be worth around $8.84 billion at current market prices, making it the sixth-largest Bitcoin holder globally.

Strategic Non-Quarter-End Withdrawal Reinforces Patience

Historically, Tether tends to adjust its assets toward the end of each quarter. This time, the early move signals the company’s confidence in its ongoing accumulation strategy. According to EmberCN monitoring, a series of buy orders averaged around $49,121 per Bitcoin, with unrealized gains surpassing $4.55 billion. Short-term market fluctuations have not shaken Tether’s position—in fact, they reinforce the “buy on dips” approach.

Given the enormous circulation of USDT, each reserve adjustment is viewed as a barometer of overall crypto liquidity.

Profit Drivers and Asset Allocation as Dual Engines

Tether’s large-scale Bitcoin purchases are driven not just by strategic accumulation but also by robust cash flow. The company estimates that its net profit for 2025 could reach $15 billion, with over $10 billion already booked in the first three quarters. The primary source of profit is the interest income from its $135 billion US Treasury bond holdings, which are managed separately from its reserves backing USDT.

In addition to Bitcoin, Tether also holds $12.9 billion worth of gold to diversify macro risks.

CEO Paolo Ardoino once said: “Bitcoin and gold represent hard assets that cannot be arbitrarily issued, and they are better at preserving value in the long run.” This statement reveals Tether’s view of Bitcoin as a foundational asset rather than a short-term speculative target.

Market Impact and Potential Risks

Tether’s actions are seen as a template for institutional “bottom-fishing,” potentially encouraging other funds to follow suit. USDT itself is a primary liquidity source in crypto trading, and when the issuer increases Bitcoin holdings, it adds an extra layer of demand-side insurance.

However, attention is also drawn to the expanding “secured loan” figures on Tether’s balance sheet, which now exceed its equity, raising questions about transparency and risk management.

Despite these concerns, Tether’s profit-driven accumulation of hard assets continues to boost confidence in the sluggish crypto market. Viewed as a compass, the company’s strategy of leveraging profits to build dual hedges with Bitcoin and gold reduces reliance on any single fiat currency system.

Conclusion: Whales Stir Waves, Market Ripples Follow

This nearly $100 million withdrawal underscores Tether’s advantages in capital deployment and strategic patience. Amid ongoing global financial uncertainties, Tether continues to use its profits to increase Bitcoin and gold holdings, signaling that “hard assets are king.” Every movement by this crypto whale sends ripples through the market, further elevating Bitcoin’s position in the global asset landscape.

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• Female Investor Reduces Bitcoin Target Price to $300,000: Stablecoins Have Partially Replaced BTC Roles

This article was originally published by BlockTempo, a leading blockchain news media.