So, Tether, that stablecoin company that’s *totally* stable, just added a whopping 8,888 Bitcoins to its stash in Q1 2025. That’s like, $735 million dollars, people! They’re practically swimming in Satoshis! 🏊♀️ And they did it all while Bitcoin was having a bit of a, shall we say, *meltdown*? 😂 A 12% drop? Brutal. Worst Q1 in seven years? Ouch. But hey, at least Tether’s getting a steal! 😉
Tether’s Bitcoin Billions! 🤑
Remember last May when they announced they’d be throwing 15% of their quarterly profits at Bitcoin? Yeah, well, they weren’t kidding. Now they’re holding a cool 92,647 BTC, worth a mind-boggling $7.64 billion. That makes them the sixth-largest Bitcoin wallet globally. And their unrealized profit? A casual $3.86 billion. Not bad for a company that *supposedly* deals in stablecoins. 🤔
The timing? *Chef’s kiss*. A 12% drop in Bitcoin’s price in Q1. Talk about buying the dip! Or maybe just buying the *anxiety*? 🤷♀️ Market analysts are all aflutter, trying to figure out if this is a genius move or sheer, unadulterated luck. Probably a bit of both, let’s be honest.
USDT: The Minting Machine Never Stops! 💰
And the USDT minting? It’s like a runaway train!🚂💨 They minted another billion USDT on TronDAO in 24 hours! A *billion*! Their total on that platform? Over $8 billion. Last year’s total? A cool $40 billion. Meanwhile, the stablecoin wars rage on. Ripple‘s got its RLUSD, Circle’s expanding, and Tether’s doing its best to ignore the whole MiCA thing… by leaving Europe. 😂
ARKHAM ALERT: $1,000,000,000 USDT MINTED JUST NOW
— Arkham (@arkham) March 31, 2025
Circle’s even eyeing an IPO next month. Imagine, Circle stock on Wall Street! It’ll be like the opposite of a rollercoaster – a *stable-coin-coaster*! 🎢 (I just made that up. Don’t fact-check me.)
BTC: On the Upswing (Maybe?) 📈
At press time, Bitcoin’s up 1.94% at $83,112. Daily trading volume? Up 58%! But remember, April 2nd is Trump’s “Liberation Day,” which apparently kicks off another tariff war. So… yeah. Volatility is the name of the game. Hold on to your hats, folks! 🤠
Monday was wild. Altcoins took a bigger hit than a stand-up comedian bombing at a roast. Expect more drama this week as BTC tests its support levels. Because, you know, *drama*. 🤷♀️
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2025-04-01 08:27