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

In a recent move, Tether, the entity behind the prominent stablecoin USDT, 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" on Wednesday. This wallet, previously confirmed by CEO Paolo Ardoino as the recipient of the company's earlier bitcoin purchases, now holds a total of 97,141 BTC, valued at approximately $7.16 billion at current market prices. This positions 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), according to the rankings on bitcointreasuries.net. This acquisition is in line with the company's policy, introduced in 2023, to allocate up to 15% of its realized operating profits into bitcoin. Unlike other digital asset treasuries that secure funding to purchase cryptocurrency, Tether utilizes the excess earnings generated by its core business. The USDT stablecoin, pegged to the US dollar, boasts the largest market capitalization among stablecoins, with a market cap of around $185 billion. Tether reported a net profit exceeding $10 billion in 2025, driven primarily by the growth of USDT and the increasing income from its U.S. Treasury holdings. The company's reserves are primarily composed of cash-like assets, with exposure to U.S. government debt totaling up to $141 billion. Additionally, it reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer in excess of the issued tokens. Alongside its investments in U.S. Treasuries, Tether has been expanding its positions in alternative assets, with its latest report also revealing holdings of $17.4 billion in gold, underscoring a broader strategy of diversification.