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

Tether, the entity behind the largest stablecoin USDT, has expanded its bitcoin reserves by an additional $70 million, continuing its systematic 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. The address matches the one previously confirmed by CEO Paolo Ardoino as the recipient of the company's earlier purchases. The firm did not respond to a request for comment regarding the acquisition. The wallet now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, positioning Tether among the world's largest bitcoin holders. If Tether were a publicly traded company, it would rank as the second-largest BTC holder after Strategy (MSTR), according to bitcointreasuries.net. This latest purchase is part of a policy initiated in 2023 to allocate up to 15% of realized operating profits into bitcoin. Unlike digital asset treasuries that raise capital to purchase crypto, Tether utilizes excess earnings generated by its core business. USDT, Tether's dollar-pegged token, is the largest stablecoin with a market capitalization of around $185 billion. The company reported over $10 billion in net profit for 2025, driven by growth in USDT and increasing 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. It also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above issued tokens. In addition to U.S. Treasuries, Tether has been establishing positions in alternative assets, with its latest report also revealing $17.4 billion in gold, highlighting a broader diversification strategy.