Tether Buys $70M Bitcoin, Bringing Holdings to Over 97K BTC
CMC Crypto News

Tether Buys $70M Bitcoin, Bringing Holdings to Over 97K BTC

The wallet now holds 97,141 Bitcoin. At current prices, that position is worth approximately $7.16 billion.

Tether Buys $70M Bitcoin, Bringing Holdings to Over 97K BTC

Table of Contents

Tether News

Tether added roughly $70 million worth of Bitcoin to its reserve wallet on Wednesday. Blockchain data from Arkham Intelligence recorded 951 BTC moving from Bitfinex to a wallet labeled "Tether: BTC Reserve." That address was previously confirmed by CEO Paolo Ardoino as the destination for the company's Bitcoin purchases.

The wallet now holds 97,141 Bitcoin. At current prices, that position is worth approximately $7.16 billion. According to Bitcointreasuries(dot)net, Tether would rank as the second-largest corporate Bitcoin holder globally if it were publicly listed, sitting behind Strategy.
Tether began buying Bitcoin systematically in 2023. That year, the company introduced a policy to allocate up to 15% of its realized operating profits into Bitcoin. The purchases are funded through earnings from its stablecoin business, not through external capital raises.
USDT is the largest stablecoin by market capitalization, currently sitting at around $185 billion. Tether reported more than $10 billion in net profit for 2025. That figure was driven by growth in USDT issuance and income from U.S. Treasury holdings.

Tether's reserve base is dominated by cash-equivalent assets. The company holds 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 total liabilities.

Gold makes up another significant portion of Tether's balance sheet. The company's most recent report showed $17.4 billion in gold holdings. That positions gold alongside Bitcoin as one of the firm's primary alternative asset classes.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
0 people liked this article