# Tether Purchased 8,888 BTC in Q1

*Author: Bankless*
*Published: Apr 1, 2025*
*Source: https://www.bankless.com/read/tether-purchased-8-888-btc-in-q1*

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Tether spent $735 million in Q1 as part of its ongoing strategy to allocate profits into Bitcoin, bolstering reserves and reporting record gains.

## **What’s the Scoop?**
- **Massive BTC Allocation**: Tether purchased $735 million worth of Bitcoin in Q1, further enhancing its Bitcoin reserves.
- **Financial Strategy**: The stablecoin issuer allocates up to 15% of its net realized operating profits into Bitcoin and gold.
- **Record-Breaking Performance**: Mark-to-market gains from Bitcoin and gold helped Tether achieve a record-breaking quarter.