Tether has added 951 BTC to its bitcoin reserve, according to on-chain data tying the transfer to wallets associated with the company and Bitfinex. The move, worth about $70.5 million at the price cited in the report, raised Tether’s total bitcoin holdings to 97,141 BTC. At current quoted levels, that stack is worth more than $7.1 billion.
Transfer moved coins from a Bitfinex hot wallet into custody
The transaction was first flagged through on-chain tracking linked to Arkham Intelligence and was later reported by major crypto media on April 15. The report said the bitcoin moved from a Bitfinex hot wallet into a wallet widely identified as Tether’s cold-storage holding address. Because Tether and Bitfinex share common ownership, the transfer was described less as an open-market purchase and more as an internal treasury move into longer-term custody.
Profit-based accumulation plan remains active in 2026
The report tied the transfer to Tether’s standing policy of converting part of its quarterly profits into bitcoin, a strategy introduced in 2023. That approach is framed around profits rather than short-term market swings. Earlier additions were larger, including 8,888.8 BTC at the start of January 2026, with similar purchases noted in late 2025. By that standard, this week’s transfer was smaller, but it still confirmed that the accumulation program remains in place in 2026.
Rankings vary depending on whether trackers count firms or wallets
The article also highlighted a detail often missed in headline rankings. A treasury tracker recently listed the company at 96,184 BTC before the new transfer was reflected, placing it second among private companies behind Block.one. Wallet-based rankings can look different because they measure addresses rather than corporate entities. Arkham’s March 2026 review placed a company-linked wallet sixth among individual wallets, while newer market reports described the address as being among the top five.
Tether’s wider balance-sheet disclosures add context. In its Q3 2025 attestation, the company said year-to-date profit had exceeded $10 billion, excess reserves were about $6.8 billion, and U.S. Treasury exposure had reached roughly $135 billion. In March 2026, it also said it had signed a Big Four accounting firm for a full audit.
Price response was muted, but supply signals drew attention
The transfer did not trigger a sharp market breakout on its own. Bitcoin was already trading at $74,983, according to the source material. Even so, traders often watch these wallet shifts closely because moving coins from exchange-linked wallets into cold storage can reduce immediately available liquidity, reinforcing the view that large holders continue to accumulate.
The timing also stood out. One day earlier, Tether announced tether.wallet, a self-custodial wallet supporting USDT, BTC, and XAUt across several networks. Paired with the reserve transfer, the two actions point to expansion on both the product side and the treasury side.