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 deliberate accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet labeled as Tether's BTC Reserve, an address previously confirmed by CEO Paolo Ardoino as the recipient of 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 among the world's largest bitcoin holders. This acquisition is part of a 2023 policy to allocate up to 15% of realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital. With a market capitalization of around $185 billion, USDT is the largest stablecoin, and Tether reported over $10 billion in net profit for 2025, driven by USDT growth and rising income from U.S. Treasury holdings. The company's reserves are primarily composed of cash-like assets, with up to $141 billion in exposure to U.S. government debt, and it has 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 diversifying into alternative assets, including $17.4 billion in gold, as part of its broader strategy.