Tether has quietly added another chunk of bitcoin to its reserves, moving its total holdings above 97,000 BTC. What happened - Blockchain tracking firm Arkham Intelligence shows 951 BTC (about $70 million at recent prices) transferred Wednesday from Bitfinex to a wallet labeled “Tether: BTC Reserve.” That address matches one CEO Paolo Ardoino previously identified as the destination for the company’s bitcoin buys. Tether did not respond to a request for comment. Where that puts Tether - The wallet now holds 97,141 BTC, worth roughly $7.16 billion at current prices, placing Tether among the world’s largest bitcoin holders. According to bitcointreasuries.net, if Tether were a public company it would trail only MicroStrategy (MSTR) in BTC holdings. Why it’s buying - The purchase continues a policy announced in 2023 to allocate up to 15% of realized operating profits into bitcoin. Unlike firms that raise capital to build crypto treasuries, Tether uses excess earnings from its core stablecoin business to accumulate BTC. Bigger balance-sheet context - USDT is the largest stablecoin, with a market cap near $185 billion. Tether reported more than $10 billion in net profit for 2025, citing USDT growth and higher income from U.S. Treasury holdings. - Its reserves remain heavily weighted toward cash-like instruments, with up to $141 billion in U.S. government debt exposure. The company also reported $6.3 billion in excess reserves against $186.5 billion in liabilities. - Tether has been diversifying beyond Treasuries as well: its latest report shows about $17.4 billion in gold. Why it matters - These steady, profit-funded purchases reinforce Tether’s role as a major institutional buyer, diversifying reserves while continuing to underpin the dollar peg of USDT. Individually the latest buy is modest relative to global BTC liquidity, but cumulatively they represent an ongoing long-term allocation strategy that keeps Tether at the forefront of large holders in the crypto ecosystem. Read more AI-generated news on: undefined/news