Tether Expands Bitcoin Reserves to Over 97,000 BTC

Tether, the operator of the world's largest stablecoin USDT, has further increased its Bitcoin holdings, adding approximately 951 BTC to its reserves. The purchase, valued at $70 million, was tracked via blockchain data showing a transfer from Bitfinex to a known Tether reserve wallet. This acquisition aligns with a corporate policy established in 2023, which mandates the allocation of up to 15% of the company's realized operating profits into Bitcoin. Unlike other corporate treasuries that may issue debt to acquire digital assets, Tether funds these purchases using excess earnings generated from its core business operations. The company's Bitcoin treasury now totals 97,141 BTC, worth roughly $7.16 billion at current prices. This positions Tether as one of the largest global holders of the asset, trailing only MicroStrategy among corporate-style entities. The move is part of a wider diversification effort. Tether reported over $10 billion in net profit for 2025, supported by the growth of USDT and income from U.S. Treasuries. Its reserves currently include approximately $141 billion in U.S. government debt and $17.4 billion in gold. With a market capitalization of around $185 billion, Tether's continued accumulation signals a bullish long-term outlook on Bitcoin. The firm maintains a healthy buffer, reporting $6.3 billion in excess reserves against $186.5 billion in total liabilities.