Tether, the issuer of the world’s largest stablecoin USDT, has moved 951 bitcoins worth $70.5 million to a reserve wallet tied to its treasury operations, according to the chain. Data From blockchain analysis companies including Arkham Intelligence. The transfer originated from a Bitfinex hot wallet and arrived at an address claimed to be a Bitcoin reserve account associated with the company.
The deal is in line with the dividend policy introduced in 2023 in which Tether allocates 15% of net profits generated about Bitcoin purchases every quarter. This approach shifts revenue from issuing stablecoins into a growing Bitcoin position on the company’s balance sheet.
On-chain records show that Tether’s Bitcoin holdings have expanded into one of the largest corporate positions in the sector. The reserve addresses attributed to the company contain approximately 97,141 bitcoins, making Tether among the top holders of bitcoin among private entities. Holdings include transfers accumulated over multiple purchase cycles since 2022.
Purchases have been a constant source of demand for Bitcoin supplies. Each allocation removes coins from the exchange’s liquidity and transfers them into long-term custody. The structure links the size of the acquisition to the revenues of the connecting business Stable coin Usage grows with Bitcoin accumulation.
The strategy also influences perceptions of stablecoin reserve composition. Tether states that most of USDT’s backing consists of US Treasuries with Bitcoin representing a smaller portion of total reserves. Adding Bitcoin gives price exposure to a portfolio of reserves while maintaining dollar-linked liabilities.
Tether.wallet detected
Yesterday, Tether Announce The launch of tether.wallet, a self-custodial digital wallet designed to bring its global financial infrastructure directly to end users, marking a shift from a back-end liquidity provider to a consumer-facing platform.
The wallet supports major assets including USDT, Bitcoin and token gold (XAU₮), with a focus on what the company describes as essential stores of value for users, particularly in emerging markets.
Designed to simplify the use of cryptocurrencies, tether.wallet offers human-readable addresses and allows transaction fees to be paid in the transferred asset, eliminating the need for separate gas tokens. The application is completely self-custodial, with private keys stored locally on user devices.
CEO Paolo Ardoino has framed the launch as a major step towards financial inclusion, targeting the billions underserved by traditional banking systems. The product builds on the existing Tether network, which the company claims reaches more than 570 million users globally.
The wallet is powered by Tether’s open source wallet development kit and supports multiple blockchains including Ethereum, Polygon, and Bitcoin. The move signals Tether’s broader strategy to expand into direct user applications and enable future machine-to-machine and AI-based payments.
