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

In a move to further expand its bitcoin holdings, Tether, the company behind the leading stablecoin USDT, has added $70 million worth of bitcoin to its reserves. This purchase is part of a larger strategy to allocate a portion of its profits into bitcoin. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet designated as 'Tether: BTC Reserve', an address previously confirmed by CEO Paolo Ardoino as the destination for 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 as one of the largest holders of bitcoin globally. This investment is in line with the company's policy, introduced in 2023, to invest up to 15% of its operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto investments. With a market capitalization of around $185 billion, USDT, Tether's dollar-pegged token, is the largest stablecoin. The company reported a net profit of over $10 billion in 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. Tether's reserves are primarily composed of cash-like assets, with exposure to U.S. 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. In addition to U.S. Treasuries, Tether has been diversifying its holdings into alternative assets, including $17.4 billion in gold, as outlined in its latest report.