Tether has quietly added another 951 BTC—roughly $70 million—to its Bitcoin reserves, according to on-chain tracking cited by Arkham Intelligence. That latest transfer, pulled from Bitfinex, brings the company’s stash to about 91,141 BTC, or roughly $7.2 billion at current prices, putting Tether among the top five on-chain Bitcoin holders.
The move is not a one-off trade. Arkham’s report and blockchain-watchers note that Tether has been steadily building a Bitcoin position since 2023, allocating about 15% of company profits each quarter to purchases. The issuer also tends to move coins from Bitfinex into its reserve address right after quarter-end—a pattern mirrored in this latest withdrawal.
Market reaction was muted but notable: the buy arrived while BTC was still under pressure, and some traders read the accumulation as a sign of continued institutional demand. Still, analysts emphasize this should be seen as an ongoing treasury strategy rather than a sudden change of course by Tether—part of a broader effort to diversify operating assets and bolster the reserves backing USDT.
The purchase coincided with renewed strength in the U.S. spot Bitcoin ETF market. Farside Investors data showed net inflows of just over $400 million on April 14, led by BlackRock’s IBIT with $213.8 million. That was a rapid reversal from a $290 million outflow the day before, a swing markets linked to firmer U.S. PPI inflation data and easing tensions in U.S.-Iran diplomacy—factors that helped lift sentiment after the prior pullback.
Bottom line: Tether’s latest Bitcoin buy reinforces a multi-quarter accumulation strategy aimed at reserve diversification, and it comes at a moment when institutional flows into spot ETFs are once again showing notable momentum.
Read more AI-generated news on: undefined/news
