USDT issuer Tether has added 951 Bitcoin to its reserve wallet, taking its total holdings to 97,141 BTC worth about $7.2 billion at current market prices. On-chain data cited in market reports showed the latest transfer moved from Bitfinex to a wallet identified as Tether’s Bitcoin reserve address. The transaction was valued at roughly $70.47 million to $70.74 million, depending on the Bitcoin price used at the time of transfer.
The latest addition continues a reserve strategy Tether introduced in 2023, under which the company said it would allocate up to 15% of its realized operating profits to Bitcoin. Rather than raising outside capital for crypto purchases, Tether has said it uses earnings generated from its stablecoin business and related operations. The reserve wallet has become a closely watched address in the market because it has received periodic Bitcoin transfers after quarter-end periods.
The address now ranks among the largest Bitcoin wallets on-chain and has been described in the supplied reports as the fifth-largest Bitcoin holder by wallet size. The accumulation has also placed Tether among the largest corporate-style Bitcoin holders tied to a private company. The transfer pattern has remained consistent with earlier moves that followed quarterly reporting periods.
Tether Continues Profit-Funded Bitcoin Accumulation
According to the data referenced in the reports, the 951 BTC transfer appears to represent part of Tether’s first-quarter 2026 Bitcoin purchases. The company has followed a repeated process of accumulating Bitcoin through Bitfinex and then transferring the coins to a reserve wallet after the quarter ends.
Tether did not publicly confirm the transaction in the provided reports, but the destination address matches one previously associated with the company’s reserve activity.
Tether’s Bitcoin policy was introduced as part of a broader reserve diversification plan. The company said in 2023 that Bitcoin would become a recurring allocation target alongside its main reserve assets. Since then, Tether’s balance sheet has continued to include U.S. Treasury exposure, gold, and Bitcoin, with the latest reports describing a reserve mix that extends beyond cash-equivalent holdings.
Bitcoin Reserve Grows Alongside USDT Business
USDT remains the largest stablecoin by market capitalization, with the supplied reports placing its value around $185 billion. Tether also reported more than $10 billion in profit for 2025, driven by growth in USDT circulation and income from U.S. Treasury holdings.
The company’s reserve disclosures cited in the reports showed as much as $141 billion in exposure to U.S. government debt and $6.3 billion in excess reserves against $186.5 billion in liabilities.
Alongside those assets, Tether was also reported to hold $17.4 billion in gold. The Bitcoin position, therefore, forms one part of a wider treasury structure rather than a stand-alone allocation. Based on the latest reported wallet balance, Bitcoin accounts for a visible share of the firm’s reserve assets and continues to grow through quarterly purchases.
Market Watches Tether’s Role in Bitcoin Supply
The increase to 97,141 BTC has kept attention on Tether’s role in the broader Bitcoin market, especially as large reserve holders can shape sentiment around long-term demand.
Some of the reports cited an estimated average acquisition cost near $51,312 per coin, placing the current reserve position well above that level at recent market prices. Other market trackers described the holdings as carrying large unrealized gains.
The latest reserve move also comes as Bitcoin has traded near the mid-$70,000 range, a period when corporate and institutional treasury activity has remained in focus. Tether’s accumulation model differs from exchange-traded funds and listed treasury firms because the purchases are funded through operating profits tied to the stablecoin business.
