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

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