Bitcoin news: Tether adds nearly $800 million BTC in fresh buys

Tether began 2026 by adding 8,888.88 BTC to its treasury wallet, a purchase valued at approximately $780 million, according to CEO Paolo Ardoino. This acquisition is part of Tether's established policy, introduced in 2023, to systematically allocate up to 15% of its realized quarterly operating profits toward Bitcoin purchases, solidifying its position as a major corporate holder of BTC. This strategy is unique because Tether's profits are derived from the cash-like assets backing USDT, such as short-term U.S. Treasuries; thus, higher interest rates and stablecoin demand can lead to increased profit and subsequent Bitcoin buying. The company's total Bitcoin holdings now exceed 96,000 BTC. This approach functions as an internal treasury strategy, allowing Tether to diversify reserves using excess earnings without impacting the liquid assets backing its stablecoin liabilities.

(Source：CoinDesk)