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

In a recent move, Tether, the entity behind the prominent USDT stablecoin, has added $70 million worth of bitcoin to its reserves, further expanding its accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, a transfer of 951 BTC was made from Bitfinex to a wallet designated as 'Tether: BTC Reserve', an address previously confirmed by CEO Paolo Ardoino as the recipient of the company's earlier purchases. The wallet now holds approximately 97,141 BTC, valued at around $7.16 billion at current market prices, positioning Tether among the largest global bitcoin holders. This purchase is part of a policy initiated in 2023 to allocate up to 15% of realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto investments. 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 for 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. Tether's reserves primarily consist 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 issued tokens. In addition to U.S. Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, including $17.4 billion in gold, as indicated in its latest report.