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34m ago

Tether Moves 8,889 Bitcoin to Reserve Wallet in $1 Billion Quarter-End Add

On-chain tracking raised the tagged reserve wallet’s balance to about $9.7 billion, signaling a continued shift toward hard assets ahead of the next attestation.

Tether adds $1b in bitcoin to reserves as usdt supply nears $175b, blockchain data shows
Onchain data shows tether linked wallet bags $1b in bitcoin, symbolism and all

Overview

  • Arkham Intelligence data show 8,889 BTC moved on Sept. 30 from a Bitfinex wallet to an address labeled “Tether: Bitcoin Reserves.”
  • The tagged reserve address now holds roughly $9.7 billion in bitcoin based on current prices reported by on-chain trackers.
  • Aggregate on-chain tallies place Tether’s primary treasury above 86,000 BTC, making it one of the largest corporate bitcoin holders.
  • Analysts note a recurring pattern of quarter-end bitcoin additions, and Tether has not officially confirmed whether this was a purchase or an internal transfer.
  • USDT’s circulating supply is about $174.6–175 billion, and an updated reserve attestation is expected in late October.