Tether just proved it’s not going quietly into the night. No, instead they’ve decided to throw nearly $97 million at Bitcoin during its market stumble.
A bold move, or a desperate attempt to look smart? Depends who you ask, but it sure makes for good drama.
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The sixth-largest Bitcoin wallet
Turns out, Tether’s secret wallet snapped up 961 BTC from the crypto exchange Bitfinex, according to on-chain sleuths.
That’s roughly $97.18 million worth of Bitcoin, bought on the dip at what many analysts would call a ‘deal.’
They’re playing the long game, guys, reinvesting part of their profits into Bitcoin, a strategy laid out by their policy to allocate 15% of net operating profits into crypto holdings. Clever, or just a way to look busy?
Right now, Tether’s crypto nursery holds 87,296 BTC, worth around $8.84 billion.
For those counting at home, that’s the sixth-largest Bitcoin wallet on Earth, a giant vault of digital gold sitting on an unrealized profit of more than $4.55 billion, with each Bitcoin averaging a purchase price of $49,121.
Not bad for a digital stablecoin company that’s supposed to be all about stability, right?
Vote of confidence
Market experts see this move as a classic “buy-the-dip” dance, especially during times of market stress.
They say Tether’s buying spree during liquidity crunches is just smart money’s way of saying, “We’re in this for the long haul,” even if Bitcoin’s currently down 2.6% in the past 24 hours and still licking its wounds from October’s liquidation hangover.
Another experts are agree, calling this a vote of confidence in Bitcoin, especially as fiat currencies around the world seem primed for a slow burn of devaluation.
USDT 发行商 Tether (泰达) 在最近的下跌里抄底了 BTC 吗？
他们的 BTC 储备地址在 1 小时前从 Bitfinex 提取了 961 枚 BTC ($9718 万)。这个钱包存放的 BTC 是他们从 2023 年以来用 15% 的公司利润购买的，之前只在每个季度的最后一天从 Bitfinex 提出当季度购买的 BTC。
目前他们的 BTC… https://t.co/Y3dZBa33Br pic.twitter.com/6I54OqNWZB
— 余烬 (@EmberCN) November 7, 2025
Bouncing back, or prepare for goblin town?
But experts had some warnings too, don’t get too comfortable,markets remain choppy as hell.
Predictions are all over the map, some say Bitcoin will bounce back to $115,000, others warn it might drop to $85,000.
It’s the same story with alts, which remain largely bearish, with no clear uptrend in sight.
In the end, Bitcoin’s fate hinges on macroeconomic chaos, liquidity, and how eager ETFs are to ride in and stabilize the scene.
As analsts highlighted, on-chain data silently confirms, most Bitcoin still sits tight in wallets, hinting at a quiet, collective “we believe”.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: November 8, 2025 • 🕓 Last updated: November 8, 2025
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