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

Tether, the entity behind the prominent USDT stablecoin, has further expanded its bitcoin reserves by adding $70 million worth of BTC, continuing its steady accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet designated as "Tether: BTC Reserve" on Wednesday. This wallet, previously confirmed by CEO Paolo Ardoino, now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, making Tether one of the largest holders of bitcoin globally. This purchase is in line with the company's 2023 policy to allocate 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. As the largest stablecoin with a market capitalization of around $185 billion, USDT has driven Tether's net profit to over $10 billion in 2025, alongside rising income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, including up to $141 billion in exposure to U.S. government debt, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above the issued tokens. In addition to U.S. Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, with its latest report showing $17.4 billion in gold, highlighting a broader strategy of diversification.