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, further solidifying its reserve accumulation strategy. This move is closely tied to the company's stablecoin operations. According to data from Arkham Intelligence, a transfer of 951 BTC was made from Bitfinex to a wallet designated as 'Tether: BTC Reserve,' an address that has been previously verified by CEO Paolo Ardoino as the recipient of the company's prior bitcoin acquisitions. The company declined to comment on the purchase. The wallet now boasts a total of 97,141 BTC, valued at approximately $7.16 billion at current market prices, positioning Tether among the world's largest bitcoin holders. If Tether were a publicly traded company, it would rank as the second-largest BTC holder, surpassed only by Strategy (MSTR), based on the rankings provided by bitcointreasuries.net. This acquisition is part of a policy initiated in 2023, wherein Tether allocates up to 15% of its realized operating profits to bitcoin. Unlike digital asset treasuries that secure funding to purchase cryptocurrency, Tether utilizes the excess earnings generated by its core business operations. The USDT stablecoin, pegged to the US dollar, maintains its position as the largest stablecoin, with a market capitalization of around $185 billion. The company reported a net profit exceeding $10 billion in 2025, driven primarily by the growth of USDT and the increasing income from its U.S. Treasury holdings. Tether's reserves are predominantly composed of cash-like assets, with exposure to up to $141 billion in U.S. government debt. Additionally, the company reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer above the issued tokens. Alongside its investments in U.S. Treasuries, Tether has been expanding its positions in alternative assets, with its latest report indicating $17.4 billion in gold, underscoring a broader diversification strategy.