Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC

Tether, the issuer of the USDT stablecoin, has increased its bitcoin reserves by $70 million, pushing its total holdings past 97,000 BTC. This move is part of a strategy to allocate up to 15% of its profits into bitcoin, bringing its total bitcoin holdings to over $7.1 billion.