Onchain Data Shows Tether-Linked Wallet Bags $1B in Bitcoin, Symbolism and All

On Tuesday, a bitcoin wallet reportedly tied to Tether—the heavyweight of stablecoin issuers—stacked 8,888.8888888 BTC, a tidy haul worth just over $1 billion.

Lucky Eights? Tether-Linked Wallet Adds 8,888.8888888 BTC in Billion-Dollar Transfer

Onchain sleuths spotted something curious at block height 917053, where Bitfinex’s hot wallet pushed 8,888.8888888 BTC into a wallet said to be under Tether’s command. It’s not the first time the Tether wallet has received an input of around 8,888.88 BTC, as the wallet has received several transfers using this exact number.

In some cultures, the number eight is more than just a digit—it’s a charm. Thanks to homophony, “8” echoes words for “prosperity” and “wealth,” and stringing them together reportedly multiplies the luck. Pair that with both whole and decimal eights, and the numeric symbolism stretches into an endless cycle of fortune and success.

At press time, Tether’s wallet ranks as the ninth largest bitcoin holder, sitting on 77,447 BTC valued at about $8.76 billion. The stash has been steadily growing since 2022, with only two notable outflows—14,000 BTC in June and 1,200 BTC in July—marking the wallet’s rare departures from its relentless stacking habit.

Tether’s billion-dollar bitcoin appetite isn’t just about stacking—it’s about making a statement. With its alleged wallet dripping in symbolism and a track record of near-constant accumulation, the stablecoin titan is cementing its place among the biggest BTC whales. Whether seen as savvy treasury management or just flexing, one thing is clear: Tether’s grip on bitcoin keeps tightening, eight by eight.