30-5-2025 – Stablecoin giant Tether has unveiled its substantial holdings of both digital and precious metal assets, whilst posting staggering profits that position it as the cryptocurrency industry’s most lucrative enterprise.
Speaking at the Bitcoin 2025 conference in Las Vegas, Chief Executive Paolo Ardoino revealed the firm’s impressive portfolio: more than 100,000 bitcoin and an extraordinary 50 tonnes of gold. These holdings underscore the company’s strategic approach to asset diversification, particularly noteworthy for the issuer of the world’s leading dollar-pegged stablecoin, USDT.
The company’s financial performance has been equally impressive, with profits soaring to $13 billion in 2024. This remarkable achievement cements Tether’s position as the sector’s most profitable venture.
Addressing potential concerns from Bitcoin purists about the company’s gold reserves, Ardoino offered a nuanced perspective. “Gold isn’t Bitcoin’s rival; rather, it challenges traditional currency systems,” he explained to the assemblage of cryptocurrency enthusiasts.
The firm’s most recent quarterly report, covering the first fiscal period of 2025, provides detailed insight into its reserves. The document confirms substantial bitcoin holdings, valued when Bitcoin traded at approximately $83,000.
This strategic accumulation of assets coincides with Bitcoin’s remarkable performance, having recently achieved an unprecedented peak above $109,000. The cryptocurrency’s robust showing has attracted numerous institutional investors, including Strategy, which has made Bitcoin acquisition its primary objective.
