Tether Expands Bitcoin Holdings with Recent Acquisition
- Tether moved 951 BTC worth approximately $70.5 million from a Bitfinex hot wallet to its bitcoin reserve on April 15, 2026.
- The reserve now holds a total of 97,141 BTC, making Tether the second-largest known private corporate bitcoin holder.
- Tether allocates up to 15% of quarterly net profits for bitcoin purchases, continuing its institutional accumulation strategy since its policy initiation in 2023.
- At current prices near $74,000 per coin, Tether’s bitcoin reserve is valued at over $7.1 billion, with unrealized gains of approximately $2.175 billion.
- The transfer was an internal shift from Bitfinex’s hot wallet to a Tether-labeled cold reserve address for security and accounting purposes.
Tether’s strategic acquisition reflects a consistent pattern of institutional investment in bitcoin, leveraging up to a quarter of its net profits for such purchases since the policy began in early 2023. This move underscores Tether’s commitment to using Bitcoin as a hedge against inflation and currency devaluation while maintaining significant holdings in cash equivalents and U.S. Treasuries.
With this latest purchase, Tether continues to strengthen its position as one of the largest private corporate holders of bitcoin, reflecting steady institutional buying pressure on the market while maintaining transparency through public blockchain records.(Source)
