Key Highlights
- Tether transferred 951 BTC ($70.47 million) from Bitfinex to its reserve wallet in April 2026.
- Its total Bitcoin holdings now stand at 97,141 BTC (approx. $7.2 billion), making it one of the largest BTC holders.
- The firm has been accumulating Bitcoin since 2023, using about 15% of its profits, with an estimated $2.175 billion unrealized profit.
Tether, the issuer of the USDT stablecoin, moved 951 Bitcoin (BTC), worth about $70.47 million, from the Bitfinex exchange to its Bitcoin reserve address on Wednesday, according to on-chain data.
The firm usually carries out this transfer as part of its long-term plan to regularly buy Bitcoin using a share of its company profits and store it for long-term holding instead of trading it.
With this, the firm’s reserve now holds 97,141 BTC, valued at approximately $7.2 billion at current market estimates. This makes it one of the largest Bitcoin wallets in the world, ranking around fifth place.
Tether’s long-term Bitcoin purchase strategy
Tether has been building its Bitcoin reserve system since 2023. The company uses about 15% of its profits to buy Bitcoin as part of a structured treasury approach.
In this case, Tether regularly converts a portion of its earnings into Bitcoin and moves it from the Bitfinex exchange to a reserve wallet after each financial quarter. These typically occur a few days after quarter-end reporting periods. The latest transfer is believed to be part of its early 2026 first-quarter accumulation cycle.
Based on on-chain data, the average purchase price of the Bitcoin held in the reserve wallet is estimated at around $51,312 per BTC. On this basis, the holdings show an unrealized profit of approximately $2.175 billion.
Growing activity in wider Bitcoin market
Tether’s latest move comes amid increased activity across the Bitcoin market. Bitcoin exchange-traded funds, or ETFs, recorded inflows of $411 million on April 14. According to data from Sosovalue, a large portion of the inflows, $213.8 million, came from BlackRock’s IBIT fund, followed by Ark & 21Shares with $113 million. These inflows followed a previous day of outflows totaling $291 million.
At the same time, Strategy, a major corporate Bitcoin holder, acquired 13,927 BTC worth about $1 billion on April 13, thereby increasing its total Bitcoin holdings to 780,897 BTC.
As a result, Bitcoin has managed to surge about 4% in the last 7 days, currently trading for $74,332, while its market cap sits at $1.48 trillion, according to data from CoinMarketCap.
Also Read: Tether Backs $134M Raise to Boost Stablecoin Infrastructure
