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

In a recent development, Tether, the entity behind the prominent USDT stablecoin, has augmented its bitcoin reserves by an additional $70 million, thereby bolstering its accumulation strategy. This move is 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 confirmed by CEO Paolo Ardoino as the recipient of the company's earlier bitcoin purchases. The wallet now holds a substantial 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), as per the bitcointreasuries.net rankings. This acquisition is part of a policy initiated in 2023, wherein Tether allocates up to 15% of its realized operating profits to bitcoin, leveraging its core business earnings rather than raising capital specifically for crypto purchases. USDT, Tether's dollar-pegged token, boasts a market capitalization of around $185 billion, with the company reporting a net profit exceeding $10 billion in 2025, driven by the growth of USDT and increased income from U.S. Treasury holdings. Tether's reserves primarily consist of cash-like assets, with exposure to U.S. government debt amounting to 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 expanding its positions in alternative assets, with its latest report revealing $17.4 billion in gold, underscoring a broader diversification strategy.