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, further solidifying its accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet identified as 'Tether: BTC Reserve', an address previously confirmed by CEO Paolo Ardoino as the destination for the company's earlier bitcoin purchases. This transaction brings the total bitcoin holdings in the wallet to 97,141 BTC, valued at approximately $7.16 billion at current market prices, positioning Tether among the world's largest bitcoin holders. Notably, if Tether were a publicly traded company, it would rank as the second-largest BTC holder, following Strategy (MSTR), based on the bitcointreasuries.net ranking. This acquisition is in line with a policy introduced in 2023, where Tether allocates up to 15% of its realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto purchases. The USDT stablecoin, pegged to the US dollar, boasts a market capitalization of around $185 billion, with Tether reporting over $10 billion in net profit for 2025, driven by the growth of USDT and increasing income from US Treasury holdings. Tether's reserves are predominantly comprised of cash-like assets, with exposure to US government debt totaling up to $141 billion, 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 US Treasuries, Tether has been diversifying its holdings by investing in alternative assets, including $17.4 billion in gold, as outlined in its latest report.