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

In a recent move, Tether, the entity behind the prominent USDT stablecoin, has augmented its bitcoin reserves by an additional $70 million, thereby expanding its ongoing 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 market prices, positioning 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, surpassed only by Strategy (MSTR), as per bitcointreasuries.net rankings. This acquisition is part of Tether's 2023-introduced policy to allocate up to 15% of its realized operating profits into bitcoin, distinct from digital asset treasuries that raise capital for crypto purchases. Instead, Tether utilizes excess earnings generated by its core business. 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, fueled by the growth of USDT and increasing income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, with exposure to up to $141 billion in U.S. government debt, and the company has 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 diversifying its portfolio by investing in alternative assets, including $17.4 billion in gold, as evident from its latest report.