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

In a recent move, Tether, the entity behind the prominent stablecoin USDT, has added $70 million in bitcoin to its reserves, further expanding its 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,' a wallet previously confirmed by CEO Paolo Ardoino as the recipient of the company's earlier bitcoin purchases. The wallet now holds approximately 97,141 BTC, valued at around $7.16 billion at current prices, positioning Tether among the world's largest bitcoin holders. This purchase is part of a 2023-introduced policy to allocate up to 15% of the company's realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto investments. As the largest stablecoin with a market capitalization of around $185 billion, USDT has driven Tether's net profit to over $10 billion in 2025, coupled with rising income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, including up to $141 billion in U.S. government debt exposure, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer against issued tokens. In addition to U.S. Treasuries, Tether has been diversifying its holdings, with its latest report indicating $17.4 billion in gold, underscoring a broader strategy of asset diversification.