Tether, the issuer of the world’s largest stablecoin USDT, has added 961 Bitcoin worth nearly $99 million to its official reserves. The purchase, made from a Bitfinex hot wallet, pushes Tether’s total Bitcoin holdings beyond 86,000 BTC. This move continues the company’s steady accumulation strategy, following a massive $1 billion Bitcoin acquisition in September.

The latest buy reinforces Tether’s commitment to using Bitcoin as a key reserve asset and a hedge against inflation. Company executives have repeatedly emphasized Bitcoin’s role as a “long-term store of value,” and Tether’s consistent purchases highlight confidence in the asset’s future performance, even amid market volatility.

Bitcoin recently surged past $106,000, reaching new all-time highs, yet Tether continues to buy during both dips and rallies. By diversifying its reserves beyond cash and U.S. Treasuries, Tether strengthens transparency and signals strong institutional belief in Bitcoin’s growing dominance within the global financial ecosystem.