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

In a recent development, 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. According to data from Arkham Intelligence, a transfer of 951 BTC occurred from Bitfinex to a wallet designated as 'Tether: BTC Reserve,' an address previously verified by CEO Paolo Ardoino as the intended recipient for the company's prior purchases. The wallet now holds a substantial 97,141 BTC, valued at approximately $7.16 billion at current market prices, thereby positioning Tether among the most significant bitcoin holders globally. Notably, if Tether were a publicly traded company, it would rank as the second-largest BTC holder, following Strategy (MSTR), as per the rankings on bitcointreasuries.net. This latest acquisition is part of a policy initiated in 2023, wherein the company allocates up to 15% of its realized operating profits into bitcoin. Unlike other digital asset treasuries that secure funding to purchase crypto, 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. The company reported a net profit exceeding $10 billion in 2025, driven primarily by the growth of USDT and rising income from its U.S. Treasury holdings. Tether's reserves predominantly comprise cash-like assets, with exposure to U.S. government debt amounting to up to $141 billion. Additionally, the company reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above the issued tokens. Alongside U.S. Treasuries, Tether has been establishing positions in alternative assets, with its latest report also revealing $17.4 billion in gold, underscoring a broader strategy of diversification.