Tether Bolsters Bitcoin Reserves with $70 Million Purchase, Surpassing 97,000 BTC

In a move to further diversify its reserves, Tether, the entity behind the prominent USDT stablecoin, has acquired an additional $70 million in bitcoin, thereby expanding its existing holdings. This strategic purchase is in line with the company's policy to allocate a portion of its operating profits into BTC. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to Tether's reserve wallet, which has been previously verified by CEO Paolo Ardoino. The wallet now contains 97,141 BTC, valued at approximately $7.16 billion at current market prices, positioning Tether among the world's largest bitcoin holders. This recent purchase is part of Tether's plan, initiated in 2023, to invest up to 15% of its realized operating profits in bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto purchases. With USDT being the largest stablecoin and boasting a market capitalization of around $185 billion, Tether reported a net profit of over $10 billion in 2025, driven by the growth of USDT and increasing income from U.S. Treasury holdings. The company's reserves primarily consist of cash-like assets, with exposure to U.S. government debt totaling up to $141 billion, and it 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 expanding its positions in alternative assets, with its latest report indicating $17.4 billion in gold, highlighting a broader strategy of diversification.