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

The company behind the prominent USDT stablecoin, Tether, has expanded its bitcoin reserves by an additional $70 million, as part of its ongoing accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a Tether wallet labeled 'BTC Reserve', which has been previously confirmed by CEO Paolo Ardoino. This transaction brings the total bitcoin holdings in the wallet to 97,141 BTC, valued at approximately $7.16 billion at current market prices, making Tether one of the largest bitcoin holders worldwide. The recent purchase is in line with the company's policy, introduced in 2023, to allocate up to 15% of its operating profits into bitcoin. Notably, Tether utilizes its excess earnings from its core business to invest in bitcoin, differing from digital asset treasuries that raise capital for crypto purchases. The USDT stablecoin, pegged to the US dollar, boasts a market capitalization of around $185 billion, with the company reporting over $10 billion in net profit for 2025, driven by the growth of USDT and increasing income from US Treasury holdings. Tether's reserves primarily consist of cash-like assets, with exposure to US government debt totaling up to $141 billion, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer against issued tokens. In addition to US Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, including $17.4 billion in gold, as outlined in its latest report.