Tether CEO Reveals Major Bitcoin and Gold Holdings

TLDR

• Tether holds over 100,000 Bitcoin, valued at over $10 billion.
• Company plans to reinvest 95% of profits into Bitcoin.
• Tether accounts for 62% of spot trading volume at exchanges.

Tether’s CEO, Paolo Ardoino, made a significant announcement at the Bitcoin 2025 conference in Las Vegas. Ardoino revealed that the company now holds over 100,000 Bitcoin and more than 50 tons of gold. This development highlights Tether’s strategy of diversifying its reserves beyond the traditional USDT stablecoin backing.

The announcement showcases Tether’s position as a major financial player, with assets comparable to those of large banks and funds. During his presentation, Ardoino also mentioned that Tether generated approximately $13 billion in profit in 2024. This positions the company as potentially the most financially successful enterprise in the cryptocurrency industry.

Expansion of Tether’s Reserve Assets

Ardoino’s presentation included a slide depicting Tether’s substantial holdings in Bitcoin and gold. As part of their reserves, the company plans to reinvest 95% of its profits into Bitcoin, according to Ardoino. This significant allocation is intended to enhance Tether’s market presence.

The Bitcoin holdings, valued at over $10 billion, underscore Tether’s commitment to supporting the cryptocurrency. The latest report states that Tether had over $7 billion worth of Bitcoin and more than $6 billion of “standard physical bars” as of the end of the first fiscal quarter of 2025.

Implications for Bitcoin and USDT

As Tether increases its Bitcoin holdings, the implications for the cryptocurrency are significant. These actions reflect Tether’s strategy and its influence in the market. USDT, the stablecoin issued by Tether, maintains strong dominance, with 420 million users worldwide. Of these, 138 million are off-chain users.

USDT’s presence is pivotal in cryptocurrency funding, accounting for 62% of the spot trading volume at centralized exchanges. This data illustrates the stablecoin’s role as a key funding source for cryptocurrency deals. The growing perception of Tether as a store of value among US users coincides with a scheduled congressional hearing related to a market structure bill.

Tether’s Stance on Gold Holdings

During the conference, Ardoino also discussed Tether’s strategy to accumulate gold. He addressed common concerns amongst Bitcoin enthusiasts regarding gold. He stated, “Many bitcoiners don’t like talking about gold as if gold would take away something from Bitcoin. There is no way. Bitcoin is perfect. Gold is imperfect. Gold is not competing with bitcoin; gold is competing with fiat and that why we like a little bit of gold.”

“Many bitcoiners don’t like talking about gold as if gold would take away something from Bitcoin. There is no way. Bitcoin is perfect. Gold is imperfect. Gold is not competing with bitcoin; gold is competing with fiat and that why we like a little bit of gold.”

Paolo Ardoino

Ardoino’s remarks help clarify Tether’s perspective on gold as a complementary asset in their reserves. By diversifying their holdings, Tether aims to fortify their reserve strategy while maintaining a major trove of Bitcoin.

Tether’s Strategic Vision for the Future

The latest developments align with Tether’s broader goals under Ardoino’s leadership. As CEO, Ardoino has been pivotal in shifting Tether’s vision beyond stablecoin issuance to becoming a robust financial entity. This includes Tether’s significant investments in Bitcoin, which make up a considerable portion of its capital allocation strategy.

According to official sources, Tether’s approach aligns with its future outlook. The upcoming congressional hearing may impact regulatory perspectives, framing Tether’s moves within a broader narrative of strategic growth. For further insights into the fireside chat, visit the Tether CEO Paolo Ardoino joins Bitcoin2025 Fireside Chat.