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Tether adds $70 million in Bitcoin reserves, bringing holdings to 97,141 BTC
Mars Finance reports that, according to CoinDesk, on-chain data shows that Tether recently transferred 951 BTC to its Bitcoin reserve address, worth approximately $70 million at the time, increasing its total holdings to 97,141 BTC, valued at about $7.16 billion. The related address is labeled “Tether: BTC Reserve” and matches the address previously confirmed by Tether CEO Paolo Ardoino. This increase continues Tether’s allocation strategy since 2023, which involves investing up to 15% of realized operational profits into Bitcoin.