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

Tether, the entity behind the prominent USDT stablecoin, has added $70 million worth of bitcoin to its reserves, marking a continuation of its deliberate accumulation strategy tied 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 market 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 realized operating profits into bitcoin, utilizing excess earnings from its core business rather than raising capital specifically for crypto investments. As the largest stablecoin with a market capitalization of around $185 billion, USDT has driven Tether's growth, with the company reporting over $10 billion in net profit for 2025, fueled by the rising income from its U.S. Treasury holdings and the expansion of USDT. Tether's reserves primarily consist of cash-like assets, with exposure to U.S. government debt totaling up to $141 billion, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer against issued tokens. In addition to U.S. Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, including $17.4 billion in gold, as outlined in its latest report.