Catenaa, Thursday, November 13, 2025-Stablecoin issuer Tether appears to have added 961 BTC, worth about $97.3 million, to its bitcoin reserve wallet, according to onchain analytics firm Arkham.
The latest transfer, traced from a Bitfinex hot wallet, follows Tether’s prior pattern of accumulating bitcoin for its reserves. While the firm has not confirmed the acquisition, the address involved is linked to earlier purchases, including a 8,888 BTC transfer in September valued at $1 billion.
Since September 2022, Tether has been steadily building bitcoin reserves, allocating 15% of net profits each quarter toward purchases. Arkham data suggests the company now holds roughly 87,296 BTC in its reserve wallet, valued near $8.9 billion at current prices. This positions Tether as one of the largest private holders of bitcoin, behind Block One and Strategy, and ahead of many other institutional entities.
The average acquisition price of the latest BTC is estimated at $49,121, giving Tether a floating profit of approximately $4.55 billion. The firm previously reported Q3 bitcoin reserves worth $9.9 billion, aligning with Arkham’s tracked totals.
Tether CEO Paolo Ardoino has highlighted USDT’s adoption by over 400 million users and the firm’s $10 billion profits over the first three quarters of 2025. Beyond stablecoins, Tether has expanded investments into AI, telecom, data centers, energy, and bitcoin mining, and recently launched USAT, a US.-regulated dollar-backed stablecoin.
Bitcoin currently trades near $100,545, down about 21% from its October peak but still up 8% year-to-date. Tether continues to hold a substantial treasury of US. government securities, ranking among the top 20 largest holders globally.
