• Tether moved 951 BTC worth roughly $70.5M from a Bitfinex hot wallet into its bitcoin reserve on April 15, 2026.
• Tether’s reserve now holds 97,141 BTC, making it the second-largest known private corporate bitcoin holder.
• Tether allocates up to 15% of quarterly net profits to BTC purchases, signaling continued institutional accumulation in 2026.

Onchain blockchain explorers flagged the transfer on Wednesday. The move follows a pattern the stablecoin issuer has maintained since 2023, when it announced a policy of allocating up to 15% of quarterly net realized operating profits toward bitcoin purchases.

Tether and Bitfinex share the same parent company. The transfer is an internal shift, moving bitcoin from the exchange’s hot wallet into a Tether-labeled cold reserve address, likely for security and accounting purposes.

Last three Tether wallet inflows.

At current prices near $74,000 per coin, Tether’s 97,141 BTC reserve carries a market value exceeding $7.1 billion. The company has reported unrealized gains of approximately $2.175 billion on the position and has never sold from the reserve since the program began.

The April 15 movement is smaller than Tether‘s typical quarterly purchases. On Jan. 1, 2026, the company moved 8,888.8 BTC worth roughly $778 million to close out the fourth quarter of 2025. A similar 961 BTC transfer occurred Nov. 7, 2025, making Tuesday’s transaction consistent with periodic mid-quarter top-ups.

CEO Paolo Ardoino has described bitcoin and gold as assets that will outlast fiat currencies. Tether holds the bitcoin as surplus reserve, meaning it does not back circulating USDT supply on a 1:1 basis. The bulk of Tether’s reserves remain in cash equivalents and U.S. Treasuries.

With more than $185 billion in USDT currently in circulation, the bitcoin reserve represents a meaningful but minority share of Tether’s total assets. The company frames the position as a hedge against inflation and currency devaluation.

Tether’s reserve address ranks as the fifth largest single bitcoin addresses tracked globally, trailing some exchange wallets and government-held addresses. The quarterly buying rhythm is publicly verifiable.

Blockchain explorers allow anyone to search Tether-labeled addresses and confirm the inflow history. The Sep. 30, 2025 purchase also totaled approximately 8,888 BTC and was valued near $1 billion at the time.

These transfers represent steady institutional buying pressure on the bitcoin market. Tether does not acquire bitcoin during speculative runs. Purchases are tied to profit cycles and often occur near quarter-end dates or during price dips, at least according to onchain records.

The Dec. 30, 2024 transfer added 7,629 BTC worth approximately $700 million to the reserve. Each purchase is tracked and publicly attributed to Tether through address labeling by third-party analytics firms.

Tether has not announced a ceiling on the program. As long as the company continues generating quarterly profits, analysts expect bitcoin accumulation to continue at a similar pace through the remainder of 2026.

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