Tether, the issuer of the USDT stablecoin, has made headlines for acquiring 951 BTC worth $70.4 million on April 15.
As reported by Arkham Intelligence, the stablecoin issuer had moved those 951 BTC out of the Bitfinex wallet. This has brought the total Bitcoin holdings to 97,141 BTC worth $7.22 billion.
Well, Tether has accumulated Bitcoin since October 2022, starting with 33,980.56 BTC. In fact, by the end of 2025, Tether had already reached a BTC supply of 96,184 BTC.
According to BitcoinTreasuries.NET dataTether ranks second in the list of private companies that own Bitcoin, after Block One, which owns 164,000 BTC worth $12.31 billion. On the other hand, Circle, the USDC stablecoin issuer, only owns 73 BTC worth $5.48 million.
Bitcoin price action sheds light on Tether’s BTC strategy
This move by Tether took place at a time when Bitcoin [BTC] was trading around the $73,000 price level. However, at the time of publication, BTC changed hands to $75,034.58, after rising 1.41% in the past 24 hours.
Meanwhile, Spot BTC ETFs saw inflows worth $411.4 million on April 14 and $186.1 million on April 15, according to data from Farside Investors.
This highlights that institutions are getting into Bitcoin, ignoring short-term price action and focusing on Bitcoin’s long-term conviction.
A deeper look suggests that several companies could follow Michael Saylor’s solid strategy approach to accumulating Bitcoin. Thanks to the aggressive Bitcoin buying spree, Saylor’s company ranks first on the list of the 100 largest public Bitcoin treasury companies.
Tether Investment’s participation worth $134 million
Also on the same day was Tether’s independent investment arm, Tether Investments announced its $134 million investment in a funding round for Stablecoin Development Corporation.
Taken together, this marks the expansion of institutional stablecoins into public markets.
Paolo Ardoino, CEO of Tether, said:
Stablecoins are already used far beyond trading, especially in places where traditional systems don’t work well.
This comes after the market capitalization of stablecoins rose from $50 billion to $300 billion in just five years. Furthermore, stablecoin transaction volume had exceeded $33 trillion by 2025, which was more than the combined volume of Visa and Mastercard.
USDT vs USDC
However, according to the latest data from Visa on-chain analytics, Circle’s USDC surpassed Tether’s USDT in terms of transaction volume. Since early 2026, USDC has even overpowered USDT in the aforementioned arena.
With this increase in competition, Tether recently announced plans to conduct its first comprehensive financial audit by the Big Four accounting firm.
Overall, this suggests that competition in the stablecoin world is growing thanks to the GENIUS Act, and issuers are not keeping calm.
Final summary
- Tether’s withdrawal of 951 BTC from the Bitfinex wallet has brought Tether’s Bitcoin holdings to 97,141 BTC.
- Despite Circle’s BTC holdings being much less than Tether’s BTC holdings, USDC surpasses USDT in the number of stablecoin transactions.