Tether Expands Bitcoin Reserve with $735M Acquisition of 8,888 BTC, Setting Sights on $84K for Bitcoin

Tether has made a significant move by acquiring 8,888 BTC worth $735 million. The addition of its Tether reserve increases its total holdings to 92,647 BTC. This acquisition strengthens Tether’s position as the issuer of the USDT stablecoin. By increasing its Bitcoin holdings it aims to back its stablecoin with more solid reserves. This move is also viewed as an effort to increase USDT’s market stability and credibility. This BTC acquisition could influence Bitcoin price predictions as it signals growing institutional interest in the crypto.

Tether Boosts BTC Reserve with Acquisition and Mints $1B USDT on Tron

On April 1, Tether made headlines by acquiring 8,888 BTC worth approximately $735 million. This sums its total Bitcoin holdings to 92,647 BTC. This acquisition was carried out via Bitfinex. The purchase significantly increases Tether reserve, reinforcing the backing of its USDT stablecoin. Tether’s strategy to expand its BTC holdings aligns with its ongoing efforts to maintain transparency of its reserve assets. This move aims to boost confidence in USDT by offering a stronger foundation of assets.

In addition to the Bitcoin acquisition, Tether also minted a fresh $1 billion USDT on the Tron blockchain. This indicates Tether’s continued reliance on the Tron network for stablecoin issuance alongside its expansion of Tether reserve. By minting additional USDT it aims to meet the growing demand for its stablecoin in the market.

The latest deals have created excitement in the crypto space. Analysts suggest that these moves could have significant implications for BTC’s price action. Tether’s increased BTC holdings and the $1 billion USDT issuance show growing institutional interest in crypto, reinforcing Bitcoin price predictions.

Bitcoin Eyes on $84K Amid Volatile

The trading day of March 31st began with bearish pressure. An RSI oversold at 00:40 UTC pushed the price to support at $81,280.13. At 10:15 UTC, a golden cross triggered an upward trend. By 12:50 UTC, the price entered an overbought state as momentum increased. The rally continued until 15:25 UTC, where Bitcoin faced strong resistance at $83,943.10, marking the daily high. Sellers took control at 15:30 UTC, leading to a death cross, which initiated a downward trend. The price fluctuated, finding oversold conditions again at 20:00 UTC on the RSI indicator.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 1, 2025

As illustrated in Chart 1, on April 1st, the price maintained an upward trajectory. At 3:10 UTC, another overbought situation signaled a potential pullback. Shortly after, at 3:30 UTC, a death cross confirmed bearish momentum, but bulls regained control at 6:30 UTC, as a golden cross suggested another upward move. According to the Bitcoin price prediction, if the price continues upward, it could break the resistance at $83,943.10 and reach $8K or higher. Alternatively, if the trend reverses, it could break the support at $81,280.13 and dip to $80K or lower.

Tether’s BTC Acquisition Boosts Reserves and Bullish BTC Outlook

Tether’s expansion of its Bitcoin holdings through the $735M BTC acquisition strengthens its Tether reserve, reinforcing the stability of USDT. This move signals growing institutional confidence in Bitcoin. With increased BTC holdings, Tether aims to maintain its credibility in the market. As for the Bitcoin price prediction, if the bullish momentum continues, BTC could break past $84K, pushing towards higher resistance levels shortly.