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

In a move to further expand its bitcoin holdings, Tether, the entity behind the prominent USDT stablecoin, has added $70 million worth of bitcoin to its reserves. This recent acquisition brings the company's total bitcoin holdings to over 97,000 BTC, valued at approximately $7.16 billion at current market prices. According to data from Arkham Intelligence, 951 BTC was transferred from Bitfinex to a wallet designated as Tether's BTC Reserve, a wallet previously confirmed by CEO Paolo Ardoino. The transaction is part of Tether's strategy, introduced in 2023, to invest up to 15% of its operating profits into bitcoin, utilizing earnings generated from its core business rather than raising capital specifically for crypto purchases. As the largest stablecoin with a market capitalization of around $185 billion, USDT's success has driven Tether's net profit to over $10 billion in 2025. The company's reserves, primarily composed of cash-like assets and U.S. government debt, now include a significant allocation to bitcoin, alongside $17.4 billion in gold, reflecting a diversified investment approach.