Recent data from Arkham revealed that Tether has purchased Bitcoin once again, this time acquiring 951 BTC. The operation, valued at $70.5M, consists of withdrawing the assets from a Bitfinex wallet to Tether’s reserve wallet. With this move, the firm behind USDT consolidates its position as one of the largest corporate holders of the pioneer cryptocurrency globally.
In May 2023, the company announced its accumulation strategy, committing to allocate 15% of its quarterly net profits to purchasing Bitcoin to diversify its reserves. Currently, the company holds a total of 97,141 BTC, representing nearly 4% of the more than $190 billion backing USDT. This behavior reinforces institutional confidence in the asset, placing Tether just behind giants like Block One in the ranking of private companies.
Tether reaffirms its long-term bet by converting cash surpluses into solid digital assets. The next step for the market will be to monitor how these recurring purchases influence Bitcoin’s available liquidity, while the firm continues to professionalize its transparency through external audits already underway for this 2026.
Source:https://intel.arkm.com/explorer/entity/tether
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