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

In a recent development, Tether, the entity behind the world's largest stablecoin, USDT, has added $70 million worth of bitcoin to its reserves, marking a continuation of its steady accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet designated as 'Tether: BTC Reserve' on Wednesday. This wallet, previously confirmed by CEO Paolo Ardoino as the destination for the company's earlier purchases, now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, thereby positioning Tether among the largest global bitcoin holders. If Tether were a publicly traded company, it would rank as the second-largest BTC holder, surpassed only by Strategy (MSTR), according to the ranking on bitcointreasuries.net. This acquisition is in line with the company's policy, introduced in 2023, to allocate up to 15% of its realized operating profits into bitcoin. Unlike digital asset treasuries that secure capital to purchase crypto, Tether utilizes excess earnings generated by its core business. With a market capitalization of around $185 billion, USDT, Tether's dollar-pegged token, is the largest stablecoin. The company reported a net profit exceeding $10 billion in 2025, driven by the growth of USDT and increasing income from U.S. Treasury holdings. Tether's reserves are primarily composed of cash-like assets, with up to $141 billion in exposure to U.S. government debt, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above the issued tokens. In addition to U.S. Treasuries, Tether has been expanding its positions in alternative assets, with its latest report revealing $17.4 billion in gold, underscoring a broader diversification strategy.