TLDR
- Tether transferred 951 Bitcoin worth about $70.5 million to a treasury-linked reserve wallet.
- On-chain data shows the transfer originated from a Bitfinex hot wallet.
- The move follows Tether’s policy to allocate 15% of net realized profits to Bitcoin purchases.
- Reserve addresses linked to Tether now hold around 97,141 BTC.
- Tether confirmed that most USDT reserves remain backed by U.S. Treasury securities.
Tether shifted 951 Bitcoin worth about $70.5 million into a treasury-linked reserve wallet, according to blockchain data. The transfer originated from a Bitfinex hot wallet and reached a labeled Bitcoin reserve address. The movement aligns with Tether’s policy to allocate 15% of net realized profits toward Bitcoin purchases each quarter.
Tether Expands Bitcoin Holdings Through Profit Allocation
On-chain analytics firms, including Arkham Intelligence, tracked the transfer between labeled wallets. The data shows the funds moved from Bitfinex infrastructure into a reserve account tied to Tether. The company has followed a structured accumulation plan since 2023.
Tether assigns 15% of net realized quarterly profits to buy Bitcoin under this policy. The company converts revenue from stablecoin issuance into digital asset holdings. As a result, reserve addresses linked to Tether now hold about 97,141 BTC.
Blockchain records indicate the company accumulated Bitcoin across multiple purchase cycles since 2022. These holdings place Tether among the largest private Bitcoin holders. Each acquisition transfers coins from exchange wallets into long-term custody.
The steady purchases reduce available exchange supply while adding to corporate reserves. The allocation structure ties Bitcoin buying volume directly to stablecoin revenue growth. This method links USDT usage expansion with balance sheet accumulation.
Tether states that U.S. Treasury securities back most USDT reserves. However, Bitcoin represents a smaller share of the overall reserve portfolio. The addition of Bitcoin introduces price exposure while maintaining dollar-pegged liabilities.
Tether Launches Self-Custodial Wallet Supporting USDT, Bitcoin, and XAU₮
Tether announced tether.wallet as a new self-custodial digital wallet for end users. The company described the launch as a move into direct consumer services. The wallet supports USDT, Bitcoin, and tokenized gold XAU₮.
The application allows users to hold private keys locally on their devices. It also offers human-readable addresses to simplify transactions. Users can pay network fees in the same asset transferred.
CEO Paolo Ardoino described the release as a step toward broader financial access. He stated, “This marks a major step toward financial inclusion for billions.” The company claims its network reaches over 570 million users worldwide.
The wallet runs on Tether’s open-source Wallet Development Kit. It supports Ethereum, Polygon, and Bitcoin networks at launch. The company stated it designed the product to support machine-to-machine and AI-driven payments.
Tether confirmed the announcement one day after the Bitcoin reserve transfer. The launch expands the firm’s role beyond backend liquidity provision. The company now offers direct infrastructure tools to retail users.
On-chain data continues to show the updated Bitcoin reserve balance. Reserve addresses associated with Tether reflect the latest 951 BTC addition. The transaction remains publicly verifiable on the Bitcoin blockchain.
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Source: https://blockonomi.com/tether-moves-70-5m-in-bitcoin-to-corporate-reserve-wallet/