Tether Just Can't Stop Stacking: Another $70M BTC Brings Reserve to 97K Coins

Tether has added another $70 million in bitcoin to its reserves, bringing total holdings to 97,141 BTC worth approximately $7.16 billion, according to blockchain data from Arkham Intelligence. The printing press that could (legally) print USDT is now out here buying the very thing people use to escape fiat – and honestly? Respect the hustle.

The stablecoin giant moved 951 BTC on Wednesday from Bitfinex to a wallet labeled "Tether: BTC Reserve" – the same address previously confirmed by CEO Paolo Ardoino as the destination for the company's earlier purchases. Moving coins from your own exchange to your own wallet is basically the Web3 equivalent of transferring money from your savings to your checking account, except the savings account is worth more than most countries' GDPs.

This latest acquisition is part of a policy introduced in 2023, where Tether allocates up to 15% of realized operating profits into bitcoin. Unlike corporate treasuries that raise capital to buy crypto, Tether funds its purchases using excess earnings from its core stablecoin business. They're literally printing money to buy the money that was supposed to replace printing money. The circularity is almost beautiful.

If Tether were a public company, it would rank as the second-largest bitcoin holder behind Strategy (MSTR), according to bitcointreasuries.net. Sorry MicroStrategy, your orange coin obsession has a new rival – and this one has an actual printing press.

The company reported over $10 billion in net profit for 2025, driven by USDT's growth and income from U.S. Treasury holdings. Tether's reserves include up to $141 billion in exposure to U.S. government debt, $17.4 billion in gold, and $6.3 billion in excess reserves against $186.5 billion in liabilities. They're basically the world's most profitable hedge fund that also happens to be the backbone of the entire crypto ecosystem. No big deal.

USDT remains the world's largest stablecoin with a market cap of approximately $185 billion. Love it or hate it, the coin that every degen uses to escape volatility while waiting to get rekt on the next altcoin is still winning.