The post Strategy Chairman Michael Saylor Congratulates Tether on Acquiring 8,888 Bitcoin in Q1 2025 appeared on BitcoinEthereumNews.com.

Strategy’s executive chairman, Michael Saylor, congratulates leading stablecoin issuer Tether for acquiring 8,888 Bitcoin in Q1 2025.  To mark the end of Q1 2025, Tether purchased 8,888 BTC for about $735 million. The transaction occurred yesterday, March 31, 2025, at 21:58 (UTC). It increased the firm’s total Bitcoin holdings to 92,646 BTC. The dollar equivalent of Tether’s Bitcoin holdings is $7.75 billion.  Tether’s Bitcoin Holdings  Notably, the latest acquisition aligns with Tether’s strategy of acquiring Bitcoin quarterly using a portion of its net profit. After each acquisition, Tether usually moves the funds to its reserve wallet at the end of each quarter.  Following the latest transaction, Tether’s reserve wallet ranks in the sixth position among the Top 100 Richest Bitcoin addresses. This indicates that the Tether address is the sixth largest in terms of the amount of BTC held by a single blockchain wallet.  For context, Tether made its first Bitcoin purchase in September 2022. Ever since, it has embarked on a Bitcoin accumulation spree, committing 15% of its net profits to purchase BTC quarterly.  Saylor Congratulates Tether  Interestingly, Tether’s latest Bitcoin purchase attracted the attention of Strategy’s executive chairman, who congratulated the stablecoin issuer.  “Congratulations [to Tether on acquiring] 8,888 bitcoin in Q1,” Saylor remarked. The commentary suggests that Saylor considers Tether’s purchase of 8,888 BTC as a significant development worthy of recognition.  Thanks Michael — Paolo Ardoino 🤖 (@paoloardoino) April 1, 2025 Strategy’s Bitcoin Acquisition  It is no longer news that Saylor is a major advocate for the corporate adoption of Bitcoin. He led Strategy (formerly MicroStrategy) to acquire Bitcoin for its treasury.  Since the company’s first purchase in August 2020, it has grown its total Bitcoin holdings to 528,185, currently worth $44.18 billion. Strategy acquired 81,785 BTC in Q1 2025 across nine transactions.  Its most recent purchase occurred…

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Filed under: News - @ April 1, 2025 8:18 pm