Tether's Bitcoin Reserves Surpass 97,000 BTC with $70 Million Addition

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 consistent accumulation strategy closely tied to its stablecoin operations. Data extracted from Arkham Intelligence reveals the transfer of 951 BTC from Bitfinex to a wallet designated as 'Tether: BTC Reserve' on Wednesday, a wallet address previously verified by CEO Paolo Ardoino as the recipient of the company's earlier bitcoin acquisitions. The company did not provide a response to a request for commentary on the purchase. The wallet now possesses 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 MicroStrategy, according to the ranking on bitcointreasuries.net. This latest acquisition is an extension of the policy introduced in 2023, wherein up to 15% of the realized operating profits are allocated to bitcoin. Unlike digital asset treasuries that secure capital to purchase crypto, Tether utilizes the excess earnings generated by its core operations. Tether's USDT, a dollar-pegged token, boasts the largest market capitalization among stablecoins, with a market cap of around $185 billion. The company reported a net profit exceeding $10 billion for 2025, primarily driven by the growth of USDT and the rising income from U.S. Treasury holdings. Tether's reserves are predominantly composed of cash-like assets, with exposure to U.S. government debt totaling up to $141 billion. Additionally, the company reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer in excess of the issued tokens. Alongside U.S. Treasuries, Tether has been expanding its positions in alternative assets, with its latest report also indicating $17.4 billion in gold, underscoring a broader strategy of diversification.