Tether adds 951 BTC to reserve, holdings 97,141 BTC

On April 15, 2026 Tether moved 951 BTC, roughly $70.5 million at prevailing prices, from a Bitfinex hot wallet into a Tether-branded bitcoin reserve address. The transfer increased the company’s total bitcoin holdings to 97,141 BTC and was identified through blockchain data.

Tether and Bitfinex share the same parent company. The transaction moved coins from an exchange hot wallet into a labeled cold reserve address. The firm adopted a formal bitcoin accumulation policy in 2023 that permits allocating up to 15% of quarterly net realized operating profits to bitcoin purchases.

At prices near $74,000 per bitcoin, the 97,141 BTC position carries a market value above $7.1 billion. Tether has reported unrealized gains of about $2.175 billion on the holding and has not sold from the reserve since the program began. The company holds the bitcoin as a surplus reserve rather than providing 1:1 backing for circulating USDT. Most of Tether’s broader reserves remain in cash equivalents and U.S. Treasuries. More than $185 billion in USDT are currently in circulation.

The April 15 transfer was smaller than several prior quarter-end inflows. On Jan. 1, 2026 the company transferred 8,888.8 BTC, and similar large additions occurred on Sept. 30, 2025 and Dec. 30, 2024. A 961 BTC transfer took place on Nov. 7, 2025, and five days before the April 15 movement Tether added four BTC to the reserve. These transactions are visible in on-chain records and address labeling.

Tether’s reserve address ranks among the largest single bitcoin addresses tracked globally, placing fifth behind a mix of exchange and government-controlled wallets. On-chain records show purchases often occurring around quarter ends and aligned with the company’s profit cycles.

Paolo Ardoino described bitcoin and gold as assets that will outlast fiat currencies and framed the bitcoin holding as a hedge against inflation and currency devaluation. Tether has not disclosed a cap for the accumulation program.