Stablecoin giant Tether currently holds 96,185 BTC valued at $8.4 billion, ranking as the 5th largest Bitcoin holder globally. What's striking is their treasury yield operation—USDT generates roughly $10 billion in annual revenue with nearly 99% profit margins. The capital firepower is real: they pulled 8,888.8 BTC on January 1st alone when the price hit $89k per coin. This positions them as an infinite capital machine capable of accumulating assets on every market pullback using essentially house money. When your stablecoin issuer operates at this scale and profit level, they're not just a payment layer—they're a major market participant shaping liquidity flows.