Tether moves 951 Bitcoin worth $70.5 million to corporate reserve wallet

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 is consistent with Tether’s policy of allocating 15% of net realized profits toward Bitcoin purchases each quarter.

Bitcoin transfer and profit-allocation policy

On-chain analytics firms, including Arkham Intelligence, tracked the transfer between labeled wallets. The data shows funds moved from Bitfinex infrastructure into a reserve account tied to Tether. The company has followed a structured accumulation plan since 2023.

Tether’s framework assigns 15% of net realized quarterly profits to buy Bitcoin. Under this approach, 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.

Accumulation since 2022 and reserve implications

Blockchain records indicate Tether 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 links Bitcoin buying volume to stablecoin revenue growth, tying USDT usage expansion to balance sheet accumulation.

Tether states that U.S. Treasury securities back most USDT reserves, while Bitcoin represents a smaller share of the overall reserve portfolio. Adding Bitcoin introduces price exposure while maintaining dollar-pegged liabilities.

tether.wallet launches as self-custodial offering

Tether also announced tether.wallet, 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 and offers human-readable addresses to simplify transactions. Users can pay network fees in the same asset transferred.

CEO Paolo Ardoino said, “This marks a major step toward financial inclusion for billions.” Tether 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, and the company said it was designed to support machine-to-machine and AI-driven payments.

Timeline and updated on-chain balance

Tether confirmed the wallet announcement one day after the Bitcoin reserve transfer. The launch expands the firm’s role beyond backend liquidity provision by adding direct infrastructure tools for retail users.

On-chain data continues to show the updated Bitcoin reserve balance. Reserve addresses associated with Tether reflect the latest 951 BTC addition, and the transaction remains publicly verifiable on the Bitcoin blockchain.