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 addition is part of the company's ongoing strategy to allocate a portion of its profits into BTC. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet designated as Tether's BTC Reserve, a wallet previously confirmed by CEO Paolo Ardoino. This transaction brings the total holdings in the wallet to 97,141 BTC, valued at approximately $7.16 billion at current market prices, positioning Tether as one of the largest bitcoin holders globally. The purchase is in line with the company's 2023 policy to invest up to 15% of its operating profits in bitcoin, utilizing earnings from its core business rather than raising capital. Tether's USDT stablecoin boasts a market capitalization of around $185 billion, with the company reporting over $10 billion in net profit for 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. The company's reserves are predominantly composed of cash-like assets, including up to $141 billion in U.S. government debt exposure, and $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer for 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.