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

In a move to further bolster its reserves, Tether, the entity behind the prominent USDT stablecoin, has acquired an additional $70 million in bitcoin, thereby augmenting its existing accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, a transfer of 951 BTC was made 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 as one of the largest global holders of bitcoin. Notably, if Tether were a publicly traded company, it would rank as the second-largest BTC holder, surpassed only by Strategy (MSTR), as per the bitcointreasuries.net rankings. This recent purchase aligns with Tether's 2023 policy to allocate up to 15% of its realized operating profits towards bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto purchases. With a market capitalization of around $185 billion, USDT, Tether's dollar-pegged token, maintains its position as the largest stablecoin. The company reported a net profit exceeding $10 billion in 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. Tether's reserves are predominantly composed of cash-like assets, with exposure to U.S. government debt totaling up to $141 billion, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer against issued tokens. In addition to U.S. Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, including a $17.4 billion allocation to gold, as highlighted in its latest report.