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

Tether, the entity behind the largest stablecoin USDT, has added $70 million in bitcoin to its reserves, continuing its steady accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet labeled as Tether's BTC Reserve, an address previously confirmed by CEO Paolo Ardoino as the destination for the company's earlier purchases. The wallet now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, making Tether one of the largest bitcoin holders globally. This purchase is part of a policy introduced in 2023 to allocate up to 15% of realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital. Tether's dollar-pegged token, USDT, is the largest stablecoin with a market capitalization of around $185 billion, and the company reported over $10 billion in net profit for 2025, driven by USDT growth and rising income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, with up to $141 billion in exposure to U.S. government debt, and the company has also been diversifying its holdings, including $17.4 billion in gold and $6.3 billion in excess reserves against $186.5 billion in liabilities.