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

Tether, the entity behind the prominent USDT stablecoin, has added $70 million in bitcoin to its reserves, marking a continuation of its steady accumulation strategy linked 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 on Wednesday. This wallet, previously confirmed by CEO Paolo Ardoino, now holds 97,141 BTC, valued at approximately $7.16 billion at current prices, positioning Tether among the world's largest bitcoin holders. The recent purchase is in line with the company's 2023 policy to allocate up to 15% of its operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto investments. With a market capitalization of around $185 billion, USDT is the largest stablecoin, and Tether reported over $10 billion in net profit for 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. The company's reserves are primarily composed of cash-like assets, including up to $141 billion in U.S. government debt exposure, and it has also 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, Tether has been expanding its positions in alternative assets, with its latest report indicating $17.4 billion in gold, underscoring a broader diversification strategy.