Key Takeawys
- Tether, the leading blockchain company behind the most popular stablecoin USTD, has added 961 BTC to its treasury holding worth around $97.34 million.
- The move shows that despite the crypto market sagging, the institutional interest remains intact for Bitcoin.
- The Tether is employing the buy the dip strategy without waiting for the next Bitcoin bull run.
- The Tether also announced a strategic agreement with KraneShares and Bitfinex Securities on November 6.
- Bitcoin is trading around $100,915.68.
- A trend reversal may occur due to increased institutional activities.
Tether, the leading blockchain company behind the most popular stablecoin USTD, has added 961 BTC to its stash worth around $97.34 million. The company currently has around $8.86 billion worth of BTC holdings. The move comes while the cryptocurrency market is reeling under macro pressure, and Bitcoin has touched the 101k level.
Why Tether’s Move Matters for BTC & Larger Crypto Currency
The move shows that despite the crypto market sagging, the institutional interest in the token remains intact. Bitcoin is still perceived as a safe asset to hedge against inflationary pressure. The Tether’s purchase is good news for the crypto market as it shows confidence in bitcoin despite the token struggling under the macro pressure. The Tether is employing the buy the dip strategy without waiting for the next Bitcoin bull run. Michel Syers’ Strategy is leading the charts in terms of bitcoin holding with 641,205 BTC worth around $64.03 billion. Moreover, the Strategy just added 1,175 BTC on November 3.
The Tether is the issuer of USTD, the most widely used stablecoin in the world, and has more than 500 million users, which is over 6% of the population. The expanding treasury and increasing strategic partnership show the growing influence of Tether in the digital economy. The company just announced a strategic agreement with KraneShares and Bitfinex Securities to advance global tokenized capital markets through its asset tokenization platform, Hadron, yesterday, on November 6. Nevertheless, the Tether’s native token, Tether (USTD), is currently having a rough time with price declining to $0.9995.
The Bottom Line: How is BTC Faring Now & What Lies Ahead?
The world’s largest cryptocurrency, Bitcoin, is trading around $100,915.68 at press time. The market cap has touched $183.36 billion. The token is currently trading below the 200-day Simple Moving Average (SMA). The 14-day Relative Strength Index (RSI) value of 34 confirms the bearish trend. The Fear and Index value of 24 ( extreme fear) shows that the investors are extremely cautious about the price movements.
Despite the tumultuous times, a trend reversal may be on the horizon, fueled by increased institutional activity. It’s also worth noting that the Bitcoin Exchange Traded Funds have recorded a net inflow of 229.80 million on November 6, 2025. The ETF inflows, along with acquisitions by the leading players, show that a rebound may be around the corner.