Tether Adds $70M Bitcoin as Holdings Reach 91,141 BTC Worth $7.2B While BTC Tests $74K Support

Quick overview

Tethers shelling out around $70 million to buy some more Bitcoin has just taken their total holdings up to about 91,141 BTC, which is now worth a pretty penny, roughly $7.2 billion, according to some on-chain data. This move of theirs comes at a time when Bitcoin is trading well below $74,000, & yet all that institutional buying is still very much in play even with the short-term price weakness.

Tether Expands its Bitcoin Reserve Strategy

The stablecoin issuer that’s behind USDT is still making a big play for Bitcoin as part of a long-running treasury strategy. Data from Arkham Intelligence shows they bought 951 BTC, valued at around $70.7 million, from the Bitfinex exchange.

Since 2023, Tether has just kept on allocating about 15% of its profits towards buying more Bitcoin. These purchases, of course, get transferred to reserve wallets by the end of each quarter, so that could mean this latest transaction of theirs is probably part of their Q1 2026 accumulation cycle.

With 91,141 BTC under its management now, Tether is one of the largest Bitcoin holders on-chain globally, making it a heavy hitter in that regard. The strategy, of course, is really about diversifying its reserves a bit beyond traditional assets & helping build up confidence in USDT as a stablecoin.

Institutional Demand Keeps Building Despite Price Weakness

Even with prices struggling to get back on track, institutional appetite for Bitcoin is still pretty strong. Bitcoin ETFs actually saw a net inflow of $411 million on April 14, just after a $291 million outflow the day before.

Tether Moves 951 BTC Worth $70.5M Into Reserves As Holdings Near 97,141 BTC@tether transferred 951 $BTC valued at roughly $70.5 million from a Bitfinex hot wallet into a reserve address tied to its treasury operations, Arkham data shows. The move continues the company's… pic.twitter.com/aHfnfCzxY9

— BSCN (@BSCNews) April 15, 2026

BlackRock’s IBIT led the charge with $213.8 million, showing that there’s still plenty of demand from the traditional finance crowd.

What’s behind this renewed demand?

• There’s a bit of a cooling down in US producer price inflation which is supporting risk assets
• Geopolitical tensions are easing a bit thanks to this new US-Iran diplomacy
• And corporate Bitcoin holders are continuing to pour money into the space.

All of this is really helping to offset that bearish sentiment in the spot market right now.

Strategy Adds A Cool $1 Billion Of Bitcoin To Its Treasury

And corporate accumulation isn’t just slowing down – it’s actually speeding up. Strategy, led by Michael Saylor, just bought 13,927 BTC worth a cool $1 billion.

That’s brought their total holdings to 780,897 BTC, pretty much making them the leaders in the pack among corporate Bitcoin investors. It really shows just how long-term a bet they are on Bitcoin as an asset.

Bitcoin Price Outlook Gets Put To The Test

Even with all this institutional demand & corporate buying, Bitcoin price action is still pretty weak. BTC has actually slipped below the $74,000 mark over the past 24 hours, which is raising some concerns about near-term support.

Market players are all eyes on whether:

• $74,000 holds as a key psychological & technical support level
• ETF inflows keep up at this current pace
• And macro conditions stay in favour of risk assets

If institutional demand keeps flowing, analysts are expecting a potential rebound driven by supply absorption. But if they can’t hold on to those key levels, well, that could lead to further downside volatility before a sustained recovery comes along.

Tether’s ongoing accumulation really adds to the market narrative, showing that these major players are still happy to buy into weakness rather than running away in a panic.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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