Tether Boosts Bitcoin Reserves by $70 Million, Surpassing 97,000 BTC

Tether, the entity behind the largest stablecoin USDT, has added $70 million in bitcoin to its reserves, continuing its steady accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet labeled as Tether's bitcoin reserve, an address previously confirmed by CEO Paolo Ardoino. This wallet now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, making Tether one of the largest bitcoin holders worldwide. The purchase is in line with the company's 2023 policy to allocate up to 15% of its operating profits into bitcoin. Unlike other digital asset treasuries that raise capital for crypto purchases, Tether utilizes its excess earnings from its core business. With a market cap of around $185 billion, USDT is the largest stablecoin. Tether reported over $10 billion in net profit for 2025, driven by the growth of USDT and increasing income from U.S. Treasury holdings. The company's reserves are primarily composed of cash-like assets, with up to $141 billion in exposure to U.S. government debt, and it has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above issued tokens. In addition to U.S. Treasuries, Tether has been expanding its positions in alternative assets, including $17.4 billion in gold, as part of a broader diversification strategy.