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

In a recent move, Tether, the entity behind the prominent USDT stablecoin, has added $70 million in bitcoin to its reserves, further solidifying its 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 address has been previously confirmed by CEO Paolo Ardoino as the intended destination for the company's earlier bitcoin purchases. The firm did not provide a comment regarding the acquisition. The wallet now holds approximately 97,141 BTC, valued at around $7.16 billion at current market prices, positioning Tether among the world's largest bitcoin holders. If Tether were a publicly traded company, it would rank as the second-largest BTC holder, following Strategy (MSTR), according to the bitcointreasuries.net rankings. This latest purchase aligns with a policy introduced in 2023, where Tether allocates up to 15% of its realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto investments. As the largest stablecoin with a market capitalization of around $185 billion, USDT has driven Tether's significant growth, with the company reporting over $10 billion in net profit for 2025, fueled by the expansion of USDT and increased 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 also 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 diversifying its portfolio by investing in alternative assets, with its latest report indicating $17.4 billion in gold holdings, underscoring a broader strategy of diversification.