Tether Adds $70 Million in Bitcoin to Reserves, Holdings Exceed 97,000 BTC

Stablecoin issuer Tether added approximately $70 million in Bitcoin to its reserves in April 2026, transferring 951 BTC from Bitfinex to bring total holdings above 97,141 BTC worth $7.16 billion. The purchase follows Tether's 2023 policy to allocate up to 15% of realized operating profits into Bitcoin, funded by excess earnings rather than raised capital. With $10 billion in net profit for 2025 driven by USDT growth and U.S. Treasury income, Tether ranks as the second-largest corporate Bitcoin holder behind Strategy. The company maintains $6.3 billion in excess reserves against $186.5 billion in liabilities, with diversified holdings including $141 billion in U.S. government debt and $17.4 billion in gold alongside its Bitcoin position.

Tether's $70 Million Bitcoin Purchase and Growing Holdings

• ▪Tether CEO Paolo Ardoino previously confirmed the wallet address as the destination for Tether's bitcoin purchases
• ▪If Tether was a public company, Tether would be the second largest BTC holder behind Strategy according to bitcointreasuries.net ranking
• ▪Tether added $70 million worth of bitcoin to its reserves in April 2026
• ▪Tether's bitcoin reserve wallet holds 97,141 BTC as of April 2026
• ▪Blockchain data from Arkham Intelligence shows 951 BTC moved Wednesday from Bitfinex to a wallet labeled 'Tether: BTC Reserve.'
• ▪Tether's bitcoin holdings are worth approximately $7.16 billion at current prices

Tether's Profit-Driven Bitcoin Accumulation Strategy

• ▪Tether's 2025 net profit was driven by growth in USDT and rising income from U.S. Treasury holdings
• ▪USDT is the largest stablecoin with a market cap around $185 billion
• ▪Tether reported more than $10 billion in net profit for 2025
• ▪Tether uses excess earnings generated by its core business to purchase bitcoin rather than raising capital
• ▪Tether introduced a policy in 2023 to allocate up to 15% of realized operating profits into bitcoin

Tether's Broader Reserve Composition and Diversification

• ▪Tether reported $6.3 billion in excess reserves against $186.5 billion in liabilities
• ▪Tether's reserves are primarily made up of cash-like assets
• ▪Tether's latest report showed $17.4 billion in gold holdings
• ▪Tether has up to $141 billion in exposure to U.S. government debt

Perspective of Tether

• ▪Tether's $6.3 billion in excess reserves provides a substantial safety margin above its $186.5 billion in liabilities

Perspective of Cryptocurrency advocates

• ▪Tether's systematic Bitcoin purchases using a 15% profit allocation policy demonstrates institutional confidence in Bitcoin's long-term value

Perspective of Financial regulators and skeptics

• ▪Tether's $141 billion exposure to U.S. government debt raises questions about concentration risk in a single asset class
• ▪Tether's reserve composition mixing cash equivalents with volatile assets like 97,141 BTC complicates assessment of USDT's stability