Tether, one of the largest stablecoin issuers in the cryptocurrency market, continues its Bitcoin accumulation strategy. A reserve address associated with the company reportedly withdrew 951 BTC (approximately $70.47 million) via Bitfinex.
The transfer in question is said to be part of a plan to acquire players in the first quarter of 2026.
It is known that Tether has been steadily accumulating Bitcoin since 2023, and during this process, the company has regularly allocated approximately 15% of its profits to BTC purchases. The company’s typical strategy is to withdraw assets from Bitfinex at the end of each quarter and transfer them to its own reserve addresses.
With this latest transaction, Tether’s total Bitcoin holdings have reached 97,141 BTC. This amount has a current market value of approximately $7.2 billion. Thus, based on on-chain data, the company has risen to become the fifth largest Bitcoin holder.
On the other hand, among private companies, Block.one ranks first in Bitcoin reserves with approximately 164,000 BTC, while Tether was also among the top ranks before this purchase. Other notable institutions on the list include Stone Ridge Holdings Group, SpaceX, and the Tezos Foundation.
*This is not investment advice.