Catenaa, Wednesday, June 04, 2025- Tether, the largest issuer of stablecoins, now holds more than 100,000 bitcoin and over 50 tons of gold, its CEO revealed Thursday at the Bitcoin 2025 conference in Las Vegas.
The assets are part of a growing reserve strategy that underscores Tether’s dominance in the crypto economy -and its immense profitability.
CEO Paolo Ardoino presented a slide showing the company’s bitcoin holdings are worth over $10 billion, while its gold holdings -described as standard physical bars -surpass $6 billion. In 2024 alone, Tether reportedly generated $13 billion in profit, likely making it the most profitable company in the cryptocurrency sector.
Ardoino defended Tether’s inclusion of gold in its portfolio to an audience largely composed of Bitcoin purists. He argued that gold isn’t a threat to bitcoin, but rather a hedge against fiat currency, describing it as a complementary reserve asset.
The company’s latest reserve report confirms the figures, pegging its bitcoin holdings at an average valuation of $83,000 per coin. With bitcoin recently hitting an all-time high above $109,000, Tether’s crypto treasury now places it among the most prominent institutional holders.
The announcement came on the same day Cantor Fitzgerald Asset Management unveiled plans for a new bitcoin fund offering gold-based downside protection. Both Cantor and Softbank are tied to Twenty One Capital, which acquired $458 million in bitcoin earlier this year.
Tether’s reserve strategy highlights a broader institutional pivot toward hard assets amid crypto market expansion.
