Tether has added another $70 million in Bitcoin to its reserves, lifting its total stash to 91,141 BTC, or about $7.2 billion at current prices.
Tether just bought 951 Bitcoin. 
That brings its total holding to 97,141 BTC, becoming the fifth largest wallets on chain.
Reserve Stack Grows AgainIt also said the firm usually pulls the coins from Bitfinex after each quarter ends, which is the same kind of transfer seen in this latest move.
The timing landed while Bitcoin was still under pressure. BTC was struggling through a downturn, even as some traders treated the new Tether buy as a possible sign of steadier demand ahead.
For now, though, the purchase itself is best read as another step in a long-running treasury policy rather than a sudden shift in strategy.
ETF Flows Add Another LayerFeatured image from Pexels, chart from TradingView
