Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC

Tether, the company behind the world's largest stablecoin USDT USDT$1.0001, added another $70 million worth of bitcoin BTC$74,440.57 to its reserves, extending a steady accumulation strategy tied to its stablecoin business.

Blockchain data from Arkham Intelligence shows 951 BTC moved Wednesday from Bitfinex to a wallet labeled "Tether: BTC Reserve." The address matches one previously confirmed by CEO Paolo Ardoino as the destination for the company’s earlier purchases.

Tether bitcoin reserve (Arkham Intelligence)

The firm did not respond to a request for comment about the purchase.

The wallet now holds 97,141 BTC, worth about $7.16 billion at current prices, placing Tether among the largest bitcoin holders globally. If Tether was a public company, it would be the second largest BTC holder behind Strategy (MSTR), according to bitcointreasuries.net ranking.

The latest purchase is part of a policy introduced in 2023 to allocate up to 15% of realized operating profits into bitcoin. Unlike digital asset treasuries that raise capital to buy crypto, Tether uses excess earnings generated by its core business.

USDT, Tether’s dollar-pegged token, is the largest stablecoin with a market cap around $185 billion. The company reported more than $10 billion in net profit for 2025, driven by growth in USDT and rising income from U.S. Treasury holdings.

Tether’s reserves are primarily made up of cash-like assets, with up to $141 billion in exposure to U.S. government debt. It also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, offering a buffer above issued tokens.

Alongside U.S. Treasuries, Tether has been building positions in alternative assets. Its latest report also showed $17.4 billion in gold, highlighting a broader diversification strategy.