Tether’s Q4 2025 purchase of 8,888 BTC lifts holdings above 96,000 Bitcoin under profit-linked policy

In Q4 2025, Tether acquired 8,888 Bitcoin, pushing its BTC reserves to more than 96,000 BTC under a policy that allocates 15% of quarterly profits into Bitcoin. Earlier, a Sept. 30, 2025 assurance reported $181.223 billion in reserves, $174.445 billion in liabilities, and $6.778 billion in excess reserves, with Bitcoin valued at $9.856 billion. This structure channels yield from U.S. Treasuries and other reserve assets into recurring BTC purchases while increasing mark-to-market volatility and drawing ratings and regulatory scrutiny.