Tether Expands Bitcoin Treasury With $97 Million “Buy-the-Dip” Move, Raising Holdings to $8.8 Billion

Stablecoin Issuer Adds 961 BTC Amid Market Pullback as Analysts Call It a Strategic Accumulation Phase

TL;DR

• Tether acquired 961 BTC worth roughly $97 million, lifting its total holdings to 87,296 BTC valued near $8.84 billion.
• The company’s Bitcoin cost basis averages $49,121 per BTC, representing unrealized gains of around $4.55 billion.
• Analysts frame the purchase as both opportunistic portfolio rebalancing and continued faith in Bitcoin’s long-term fundamentals.

Tether Limited, the issuer behind the world’s largest stablecoin USDT, has added another 961 BTC—valued at approximately $97.18 million—to its reserves, according to blockchain data tracked by Arkham Intelligence. The transfer, confirmed on November 7 2025, brings Tether’s total Bitcoin holdings to 87,296 BTC, now worth about $8.84 billion at prevailing crypto price levels. The move follows a noticeable dip in the broader crypto price index, where Bitcoin had fallen by roughly 2.6% over 24 hours to trade near $100,253, prompting renewed interest in the stablecoin giant’s accumulation strategy.

Company filings and past statements indicate Tether channels 15% of its net realized operating profits into Bitcoin purchases, a policy dating back to 2023. Its average purchase price across all holdings stands at $49,121 per BTC—placing the stablecoin issuer more than $4.5 billion in unrealized profit territory based on current market valuations. The coin market cap ranking of Bitcoin and its renewed volatility have placed Tether’s treasury strategy back under the spotlight, with analysts divided on whether this latest transaction represents aggressive accumulation or simple rebalancing of its reserves.

Financial analyst Gleb Kurovskiy from Luminary Bank suggested Tether’s buy could reflect a portfolio adjustment rather than pure speculation: “Since September 30, Tether has increased its exposure to precious metals and reduced exposure to Bitcoin,” he noted, adding that the recent dip “may have triggered a return to balance after a 10% drop in BTC while gold appreciated.” Others see a stronger signal. Enmanuel Cardozo of Brickken interpreted the move as “conviction buying during liquidity stress,” saying institutional investors “rarely time tops or bottoms but accumulate when leverage unwinds and fear dominates.” Rachel Lin, CEO and co-founder of SynFutures, argued that the company is deepening its shift toward “hard assets such as gold and Bitcoin,” calling the purchase “a vote of confidence in Bitcoin’s long-term fundamentals as fiat currencies continue to devalue.”

Blockchain analytics from The Block and CryptoDnes confirm Tether’s wallet movement of nearly $100 million in Bitcoin into its reserve address. At this stage, Tether holds one of the largest corporate Bitcoin treasuries globally, ranking among the top six visible wallets on-chain. The transaction size may be small relative to its total holdings but signals continuity in Tether’s accumulation pattern during market pullbacks. Observers say the decision reinforces its longstanding position that Bitcoin is a reserve-grade asset within its balance sheet framework — one that diversifies risk away from traditional fiat-denominated securities.

Market commentary links Tether’s purchase to a broader trend of institutional actors quietly increasing exposure during periods of liquidity stress and declining market confidence. Analysts see its timing as aligned with historic patterns of “buy-the-dip” behavior often associated with high-conviction players. Whether interpreted as tactical rebalancing or strategic accumulation, the move underscores Tether’s ongoing integration of Bitcoin into its broader reserve portfolio as the coin market cap landscape continues to evolve and crypto price volatility remains the industry’s constant companion.

This article has been refined and enhanced by ChatGPT.