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

Tether, the entity behind the largest stablecoin USDT, has added $70 million in bitcoin to its reserves, continuing its strategy of accumulating BTC tied to its stablecoin operations. According to data from Arkham Intelligence, 951 BTC were transferred from Bitfinex to a wallet labeled as Tether's BTC Reserve, an address previously confirmed by CEO Paolo Ardoino. The wallet now holds 97,141 BTC, valued at approximately $7.16 billion, making Tether one of the largest holders of bitcoin globally. This purchase is in line with the company's policy, introduced in 2023, to allocate up to 15% of its operating profits into bitcoin. Unlike other companies that raise capital to buy crypto, Tether utilizes its excess earnings from its core business. With a market capitalization of around $185 billion, USDT is the largest stablecoin. The company reported over $10 billion in net profit for 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, with up to $141 billion in exposure to U.S. government debt, and the company has also been diversifying its holdings, including $17.4 billion in gold and $6.3 billion in excess reserves against $186.5 billion in liabilities.