Tether, the company behind USDT, the world’s largest stablecoin Additional $70 million worth of Bitcoin added into your reserves, expanding a stablecoin accumulation strategy linked to your stablecoin business.
Blockchain data from Arkham Intelligence shows that 951 BTC were transferred from Bitfinex on Wednesday to a wallet labeled “Tether:BTC Reserve.” This address matches the one that CEO Paolo Ardoino confirmed as the destination of an earlier purchase of the company.
The firm did not respond to a request for comment about the purchase.
The wallet now holds 97,141 BTC, worth approximately $7.16 billion at current prices, making Tether one of the largest Bitcoin holders globally. According to bitcointreasuries.net rankings, if Tether were a public company, it would be the second-largest BTC holder behind Strategy& (MSTR).
The latest purchase is part of a policy launched in 2023 to allocate up to 15% of real operating profits to Bitcoin. Unlike digital asset funds that raise capital to buy crypto, Tether uses excess earnings generated from its core business.
USDT, Tether’s dollar-pegged token, is the largest stablecoin with a market capitalization of $185 billion. The company reported a net profit of over $10 billion in 2025 due to the rise in USDT and rising income from US Treasury holdings.
Tether’s reserves are composed primarily of cash-like assets, with up to $141 billion of US government debt. It also reported excess reserves of $6.3 billion against liabilities of $186.5 billion, offering a buffer over the issued tokens.
Along with US Treasuries, Tether has been building positions in alternative assets. Its latest report showed gold holdings of $17.4 billion, highlighting a broader diversification strategy.