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

In a recent move, Tether, the entity behind the prominent USDT stablecoin, has augmented its bitcoin reserves by an additional $70 million, thereby expanding its existing accumulation strategy closely tied to its stablecoin operations. 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 previously verified by CEO Paolo Ardoino as the recipient of the company's prior bitcoin 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 world's largest bitcoin holders. Notably, if Tether were a publicly traded company, it would rank as the second-largest BTC holder, surpassed only by Strategy (MSTR), based on rankings from bitcointreasuries.net. This latest acquisition is in line with a policy implemented in 2023, wherein Tether allocates up to 15% of its realized operating profits towards investing in bitcoin. Unlike other digital asset treasuries that secure funding for crypto purchases, Tether leverages its excess earnings generated from its core business operations. The USDT stablecoin, pegged to the US dollar, boasts a market capitalization of around $185 billion, with Tether reporting over $10 billion in net profits for 2025, driven by the growth of USDT and increased income from its U.S. Treasury holdings. Tether's reserves primarily comprise cash-like assets, with exposure to up to $141 billion in U.S. government debt, and the company has also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer against its issued tokens. In addition to U.S. Treasuries, Tether has been diversifying its portfolio by investing in alternative assets, with its latest report indicating $17.4 billion in gold holdings, underscoring a broader strategy of diversification.