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Home/Markets & Investing/TETHER USDT · CRYPTO IRS RULING

Tether converts 15% of profits into a $7.2 billion Bitcoin reserve

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Parker Stafford

Tether USDT · Apr 16, 2026

Tether converts 15% of profits into a $7.2 billion Bitcoin reserve

Source: DojiDoji Data Terminal

Tether's Bitcoin reserve wallet now holds 97,141 BTC, valued at approximately $7.2 billion. The address ranks as the fifth largest Bitcoin address globally.

Related BriefJust now
stablecoins

USD Coin dominates 42% of trading on Coinone as Circle eyes South Korea without launching a won-pegged stablecoin

USD Coin accounts for 42% of daily trading volume on Coinone, one of South Korea’s major crypto exchanges, as Circle capitalizes on surging demand without launching a won-pegged stablecoin. Circle CEO Jeremy Allaire confirmed the company has no plans to issue a South Korean won-pegged digital currency, sidestepping a regulatory standoff between lawmakers and the Bank of Korea. The central bank and domestic banks oppose allowing tech firms to issue stablecoins, insisting the power belong solely to financial institutions. President Lee Jae-myung campaigned on introducing won-pegged stablecoins, but his administration has been stymied since taking office in June. Allaire, during a visit to Seoul, met with banking executives and crypto leaders, including Coinone, to pitch Circle’s infrastructure as a platform for licensed South Korean entities to issue their own stablecoins. The firm is pursuing a model similar to its expansions in Hong Kong, Singapore, Japan, and Europe—waiting for legal clarity, then seeking a license. For now, Circle’s monetization strategy in South Korea hinges not on launching a new coin, but on the growing use of USD Coin as both a trading pair and investment vehicle.

This accumulation is the result of a 2023 policy to allocate up to 15% of quarterly net realized operating profits toward Bitcoin purchases. The company generates these earnings from its stablecoin business and income from U.S. Treasury holdings, reporting more than $10 billion in profit for 2025.

Related Brief1d ago
tax law

The PARITY Act would eliminate capital gains taxes on regulated stablecoin payments

Sellers of regulated stablecoin payments would recognize no gain or loss under the new draft of the Digital Asset PARITY Act. The bipartisan proposal, led by Representatives Steven Horsford and Max Miller, would treat routine spending with dollar-pegged stablecoins as non-taxable events. To qualify, a stablecoin must be issued by an authorized entity and maintain its peg within 1% for at least 95% of trading days over the prior 12 months. The bill would deem the taxpayer's basis to be $1 per unit, ignoring fluctuations within a $0.99 to $1.01 band. This shift would align regulated payment stablecoins with foreign currency rules. Current IRS guidance classifies stablecoins as digital assets taxed as property, meaning every use of USDC or USDT to buy goods triggers a reportable capital gain or loss event.

On April 15, 2026, the company transferred 951 BTC, worth approximately $70.5 million, from a Bitfinex hot wallet into its dedicated reserve address. This move follows a pattern of periodic mid-quarter top-ups and quarter-end transfers.

Related Brief19h ago
digital assets

US Institutional Money Returns to Crypto Markets as Inflation Data Eases Nerves

Crypto investment products saw $1.1 billion in net inflows for the week ending April 11, reversing a five-week streak of outflows that had drained $4 billion from the market. US investors led the rebound, accounting for $1.06 billion—roughly 95% of the total global flow. US spot Bitcoin ETFs absorbed $833 million, while Bitcoin funds worldwide attracted $871 million. Ethereum funds, which had seen outflows for three consecutive weeks, saw $196.5 million flow back in. The recovery was driven by early ceasefire signals out of Iran and a softer-than-expected US inflation reading, which eased institutional nerves. Some institutions shifted their hedging strategies, as short-Bitcoin products recorded $20 million in inflows, the highest single-week total for those products since November 2024. Total assets under management across crypto investment products returned to levels not seen since early February.

While the bulk of Tether's reserves remain in cash equivalents and U.S. Treasuries—with up to $141 billion in exposure to U.S. government debt—the company has diversified into alternative assets. Its balance sheet includes $17.4 billion in gold and this Bitcoin position, which carries an estimated $2.175 billion in unrealized gains at an average cost of approximately $51,312 per coin.

Related Brief12h ago
digital asset regulation

UK Crypto Firms Face October 2027 Deadline for Full Regulatory Authorization

Crypto firms issuing stablecoins, operating trading platforms, or engaging in staking and safeguarding will face a hard deadline for regulatory compliance in October 2027. The Financial Conduct Authority (FCA) has opened a consultation on perimeter guidance to define which specific business activities will require formal authorization under the UK's future crypto regime. This guidance follows Parliament's confirmation of the activities that sit within the scope of regulation. Until the regime takes effect, UK crypto remains largely unregulated except for financial crime purposes and financial promotions. Firms that fall within the new perimeter can begin applying for authorization in September 2026. The consultation closes on June 3, 2026, with a final policy statement due in the autumn.

Tether USDTcrypto IRS rulingcrypto money laundering enforcementS&P 500 earnings beat missstablecoin US legislationstablecoin regulationETF inflows data

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