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Tether Boosts Bitcoin Reserves by 951 BTC, Holdings Rise to 97,141 BTC

Tether has added 951 BTC to its Bitcoin reserves, according to on-chain data cited by CoinDesk. The transfer, sent to an address labeled "Tether: BTC Reserve", was valued at about $700 million at the time of the move and brings the company's total Bitcoin holdings to 97,141 BTC, worth roughly $7.16 billion. The reserve address aligns with the wallet previously confirmed by Tether CEO Paolo Ardoino. The latest addition reflects Tether's strategy introduced in 2023 to allocate up to 15% of realized operating profits to Bitcoin purchases.
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