Tether has expanded its Bitcoin reserves after withdrawing 951 BTC valued at approximately $70.47 million from Bitfinex, according to recent on-chain data. The transfer is believed to include Bitcoin acquired during the first quarter of 2026, continuing the firm’s long-standing strategy of allocating 15% of quarterly profits toward Bitcoin purchases.
Following the latest withdrawal, Tether’s primary reserve wallet now holds 97,141 BTC, worth roughly $7.2 billion, making it the fifth largest Bitcoin holder on-chain. The steady accumulation highlights the company’s consistent approach of withdrawing purchased Bitcoin shortly after each quarter closes.
Average Purchase Price and Unrealized Gains Highlight Strong Position
Data from on-chain analysts indicates that Bitcoin accumulated by Tether since 2023 carries an average purchase price of about $51,312 per BTC. With Bitcoin currently trading near $74,000, the company is estimated to hold around $2.175 billion in unrealized profits from its long-term treasury strategy.
Despite the significant movement of funds, Bitcoin prices remained relatively stable, suggesting that large institutional transfers continue to be absorbed by market liquidity without triggering sharp volatility.
Growing Institutional Holdings Reinforce Bitcoin Market Confidence
Tether’s continued reserve expansion signals sustained confidence among major crypto firms in Bitcoin’s long-term value. The company has repeatedly emphasized using operating profits rather than debt to fund purchases, reinforcing a gradual accumulation model rather than speculative trading.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.