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 by an additional $70 million, thereby prolonging its systematic accumulation strategy linked to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred on Wednesday from Bitfinex to a wallet designated as 'Tether: BTC Reserve,' an address that CEO Paolo Ardoino had previously confirmed as the recipient of the company's earlier purchases. The wallet now contains 97,141 BTC, valued at approximately $7.16 billion at current prices, positioning Tether among the world's largest bitcoin holders. This acquisition is part of a policy initiated in 2023, wherein the company allocates up to 15% of its realized operating profits to bitcoin. Unlike digital asset treasuries that secure capital to purchase crypto, Tether utilizes excess earnings generated by its core business. Tether's dollar-pegged token, USDT, boasts a market capitalization of around $185 billion and is the largest stablecoin. The company reported a net profit exceeding $10 billion in 2025, driven by the growth of USDT and increasing income from U.S. Treasury holdings. Tether's reserves primarily comprise cash-like assets, with up to $141 billion in exposure to U.S. government debt, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above issued tokens. In addition to U.S. Treasuries, Tether has been establishing positions in alternative assets, with its latest report indicating $17.4 billion in gold, underscoring a broader diversification strategy.