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

Tether, the entity behind the prominent USDT stablecoin, has augmented its bitcoin reserves by an additional $70 million, thereby prolonging its systematic accumulation strategy closely tied to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred on Wednesday from Bitfinex to a wallet designated as 'Tether: BTC Reserve,' an address that matches the one previously verified by CEO Paolo Ardoino as the recipient of the company's prior purchases. The wallet now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, thereby positioning Tether among the most substantial bitcoin holders globally. 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 ranking. This recent acquisition is an extension of the policy introduced in 2023, wherein up to 15% of realized operating profits are allocated to bitcoin. Unlike digital asset treasuries that secure capital to purchase crypto, Tether utilizes 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 by the growth of USDT and rising income from U.S. Treasury holdings. Tether's reserves are primarily composed of cash-like assets, with exposure to U.S. government debt amounting to up to $141 billion. Furthermore, it reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above the 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, underscoring a broader strategy of diversification.