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 in bitcoin to its reserves. This strategic acquisition is part of the company's ongoing effort to diversify its holdings. According to data from Arkham Intelligence, approximately 951 BTC were transferred from Bitfinex to a wallet designated as 'Tether: BTC Reserve,' a destination previously confirmed by CEO Paolo Ardoino. The wallet now holds a substantial 97,141 BTC, valued at around $7.16 billion at current market prices, positioning Tether as one of the largest bitcoin holders globally. This purchase aligns with the company's 2023 policy to invest up to 15% of its operating profits into bitcoin, utilizing excess earnings from its core business rather than raised capital. As the largest stablecoin with a market capitalization of approximately $185 billion, USDT's success has driven Tether's net profit to over $10 billion in 2025. The company's reserves, primarily composed of cash-like assets and U.S. government debt, now include a significant allocation to alternative assets, such as the recent addition to its bitcoin holdings and $17.4 billion in gold, underscoring its broader diversification strategy.