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

In a recent development, Tether, the entity behind the prominent USDT stablecoin, has augmented its bitcoin reserves by an additional $70 million, thereby expanding its existing accumulation strategy linked to its stablecoin operations. Data from Arkham Intelligence indicates the transfer of 951 BTC 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 prior purchases. The wallet now holds approximately 97,141 BTC, valued at around $7.16 billion at current market prices, positioning Tether among the world's largest bitcoin holders. This acquisition is part of a 2023 policy to allocate up to 15% of realized operating profits into bitcoin. Unlike other digital asset treasuries that raise capital for crypto purchases, Tether utilizes excess earnings generated by its core business. Tether's USDT, a dollar-pegged token, boasts the largest market cap among stablecoins, at around $185 billion. The company reported a net profit exceeding $10 billion in 2025, driven by USDT growth and rising income from U.S. Treasury holdings. Tether's reserves are primarily composed of cash-like assets, with up to $141 billion in exposure to U.S. government debt, and $6.3 billion in excess reserves against $186.5 billion in liabilities. In addition to U.S. Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, including $17.4 billion in gold, as evident in its latest report.