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

In a move to expand its reserves, Tether, the entity behind the prominent USDT stablecoin, has acquired an additional $70 million in bitcoin, bolstering its holdings to over 97,000 BTC. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet designated as 'Tether: BTC Reserve,' a destination previously confirmed by CEO Paolo Ardoino. The wallet now contains 97,141 BTC, valued at approximately $7.16 billion at current market prices, positioning Tether as one of the largest bitcoin holders globally. This purchase is part of Tether's 2023-introduced policy to allocate up to 15% of its operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital. With a market capitalization of around $185 billion, USDT, Tether's dollar-pegged token, is the largest stablecoin. The company reported a net profit of over $10 billion in 2025, driven by USDT growth and increased income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, with exposure to U.S. government debt totaling up to $141 billion, and the company has also been diversifying its portfolio by investing in alternative assets, including $17.4 billion in gold.