
The SPO quota is computed based on the number of licenses you have, the actual formula being "1 TB plus 10 GB per license purchased". This does not include the ODFB quota, which is separate and set to 1TB per user initially (up to "unlimited", depending on the license).
If you need to increase the quota, either purchase additional licenses, or purchase storage: https://learn.microsoft.com/en-us/microsoft-365/commerce/add-storage-space?view=o365-worldwide
The maximum size of individual site (collection) is 25600 GB. That's per site, not the max tenant size.