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

In a recent development, Tether, the entity behind the prominent USDT stablecoin, has augmented its bitcoin reserves with an additional $70 million worth of BTC. This strategic move is part of the company's ongoing effort to diversify its holdings by allocating a portion of its profits into bitcoin. According to data from Arkham Intelligence, 951 BTC was transferred from Bitfinex to a wallet designated as Tether's BTC Reserve, a wallet previously verified by CEO Paolo Ardoino as the recipient of the company's earlier bitcoin acquisitions. The wallet now holds approximately 97,141 BTC, valued at around $7.16 billion at current market prices, positioning Tether among the most substantial bitcoin holders worldwide. This acquisition is in line with the company's 2023 policy to allocate 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 net profit to over $10 billion in 2025, bolstered by growth in USDT and increased income from U.S. Treasury holdings. Tether's reserves are predominantly composed of cash-like assets, with significant exposure to U.S. government debt, and the company has also been diversifying its holdings through investments in alternative assets, including $17.4 billion in gold.