Tether, the company behind the world’s largest USDT stablecoin added another $70 million worth of bitcoin to its reserves, extending a strategy of constant accumulation linked to its stablecoin activity.
Blockchain data from Arkham Intelligence shows that 951 BTC were moved from Bitfinex to a wallet titled “Tether: BTC Reserve” on Wednesday. The address matches one previously confirmed by CEO Paolo Ardoino as the destination of the company’s past purchases.
The company did not respond to a request for comment on the purchase.
The wallet now contains 97,141 BTC, worth approximately $7.16 billion at current prices, placing Tether among the largest Bitcoin holders in the world. If Tether were a public company, it would be the second largest holder of BTC behind Strategy (MSTR), according to bitcointreasuries.net rankings.
The latest purchase is part of a policy introduced in 2023 to allocate up to 15% of earned operating profits to bitcoin. Unlike digital asset treasuries that raise capital to purchase cryptocurrencies, Tether uses excess profits generated from its core business.
USDT, Tether’s dollar-pegged token, is the largest stablecoin with a market capitalization of approximately $185 billion. The company reported net income of more than $10 billion for 2025, driven by growth in USDT and rising revenue from U.S. Treasury holdings.
Tether’s reserves consist primarily of liquidity-type assets, with up to $141 billion of exposure to U.S. government debt. It also reported $6.3 billion in excess reserves against $186.5 billion in liabilities, providing a buffer on top of issued tokens.
Alongside US Treasuries, Tether has built positions in alternative assets. Its latest report also listed gold worth $17.4 billion, highlighting a broader diversification strategy.
