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. This move is part of the company's ongoing strategy to channel a portion of its earnings into bitcoin, thereby bolstering its holdings. According to data from Arkham Intelligence, a transfer of 951 BTC was made from Bitfinex to a wallet designated as 'Tether: BTC Reserve', a destination previously validated by CEO Paolo Ardoino as the repository for the company's earlier acquisitions. The wallet now holds a substantial 97,141 BTC, valued at approximately $7.16 billion at current market prices, positioning Tether among the most significant bitcoin holders globally. This latest acquisition is in line with the company's policy, introduced in 2023, to allocate up to 15% of its realized operating profits into bitcoin. Notably, Tether's approach differs from that of digital asset treasuries, as it utilizes excess earnings generated by its core business rather than raising capital specifically for crypto purchases. The company's dollar-pegged token, USDT, boasts a market capitalization of around $185 billion, with Tether reporting over $10 billion in net profit for 2025, driven by the growth of USDT and increasing income from U.S. Treasury holdings. The composition of Tether's reserves is primarily cash-like assets, with exposure to U.S. government debt totaling up to $141 billion. Furthermore, the company has 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 expanding its positions in alternative assets, with its latest report revealing $17.4 billion in gold, underscoring a broader diversification strategy.