TLDR
- Tether moved 951 BTC worth about $70 million to its reserve wallet.
- Arkham data showed the transfer came from Bitfinex to Tether’s reserve address.
- Tether’s identified Bitcoin holdings rose above 97,000 BTC after the transfer.
- The company’s Bitcoin strategy started in 2023 with up to 15% of profits.
- Tether’s Bitcoin reserves are worth more than $7 billion at current prices.
Tether moved $70 million in Bitcoin to its reserve wallet, and its holdings moved above 97,000 BTC. Arkham data showed a transfer of 951 BTC from Bitfinex to a wallet labeled “Tether: BTC Reserve.” The move fits Tether’s stated plan to add Bitcoin to its reserves. It also shows that the company is still building a large crypto treasury beside its cash-like assets.
Tether adds 951 BTC to reserve wallet
Arkham-tracked wallet activity showed the transfer earlier in the day. The movement involved 951 BTC, worth about $70 million at the time. Bitcoin traded near $74,200 when the transfer took place. Later, the price moved closer to $75,000.
The receiving wallet was identified as Tether’s reserve address. That address has been linked to earlier Bitcoin purchases. Reports placed the wallet balance above 97,000 BTC after the transfer. Estimates ranged from about 97,141 BTC to 97,204 BTC, based on timing and market price.
That total puts the value of Tether’s Bitcoin holdings above $7 billion. At current prices, the stash is worth about $7.16 billion to $7.26 billion. This makes Tether one of the largest known corporate-style Bitcoin holders. The company did not announce a new policy with this transfer.
The move looked consistent with past activity. Tether has used reserve wallets to hold earlier Bitcoin purchases. The latest transfer appears to follow the same path. That pattern points to continued accumulation rather than a one-time action.
Reserve strategy stays tied to 2023 policy
Tether set out its Bitcoin purchase plan in May 2023. At that time, the company said it would direct “up to 15% of its net realized operating profits” to Bitcoin. That policy linked future purchases to profits from its main business. The new transfer fits that approach.
Unlike firms that raise debt or sell shares to buy Bitcoin, Tether uses earnings. Its main business comes from issuing USDT, the largest stablecoin. USDT has a market value of about $185 billion. Growth in that business has supported Tether’s reserve expansion.
Tether reported more than $10 billion in net profit for 2025. The company also reported strong income from U.S. Treasury holdings. Those earnings gave it room to expand positions in Bitcoin and gold. The latest wallet transfer adds to that record.
Tether’s reserve strategy has focused on diversification. Cash-like assets still make up the largest share of reserves. Yet Bitcoin has become a visible part of that mix. The company has also built a large gold position.
Bitcoin now forms a visible part of reserves
Tether’s latest reserve data showed large exposure to U.S. government debt. Reports said that exposure reached as much as $141 billion. The company also reported $6.3 billion in excess reserves. That buffer sits above its token liabilities.
Alongside Treasuries, Tether held about $17.4 billion in gold. Bitcoin now accounts for a smaller but clear share of total reserve assets. Based on the latest figures, BTC represents about 4.3% of reserves. That share has grown as Tether kept buying.
The reserve wallet transfer also matters because of its scale. A balance above 97,000 BTC places Tether near the top of known Bitcoin holders. If viewed beside public company rankings, it would stand behind Strategy. That shows how large the company’s crypto position has become.
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