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

In a recent development, Tether, the entity behind the world's most prominent stablecoin, USDT, has augmented its bitcoin reserves by an additional $70 million. This strategic acquisition is an extension of the company's ongoing effort to bolster its holdings through the allocation of a portion of its profits into bitcoin. 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 intended destination for the company's earlier bitcoin purchases. The wallet now holds a total of 97,141 BTC, valued at approximately $7.16 billion at current market prices, thereby solidifying Tether's position among the largest global holders of bitcoin. If Tether were a publicly traded company, it would rank as the second-largest holder of BTC, surpassed only by Strategy (MSTR), as per the rankings on bitcointreasuries.net. This latest acquisition is a component of the company's policy, introduced in 2023, which stipulates the allocation of up to 15% of its realized operating profits into bitcoin. Notably, Tether utilizes its excess earnings generated from its core business operations to fund these purchases, distinguishing its approach from that of digital asset treasuries which typically raise capital for such investments. The USDT stablecoin, pegged to the US dollar, boasts the largest market capitalization among stablecoins, with a market cap of around $185 billion. Tether reported a net profit exceeding $10 billion in 2025, driven primarily by the growth of USDT and increased income from its U.S. Treasury holdings. The company's reserves are predominantly composed of 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, thereby providing a buffer in excess of the issued tokens. In addition to its investments in U.S. Treasuries, Tether has been actively building positions in alternative assets, with its latest report indicating holdings of $17.4 billion in gold, underscoring a broader strategy of diversification.