Tether, the organization responsible for issuing the USDT stablecoin, is estimated to hold $3.86 billion in unrealized profits from its Bitcoin (BTC) holdings.
According to the crypto monitoring service Spot On Chain, Tether’s Bitcoin accumulation ranks as the sixth largest globally. Their reserves encompass 92,647 BTC, valued at $7.88 billion based on current market prices.
Data from Arkham, a cryptocurrency analytics platform, reveals that Tether’s total Bitcoin ownership extends to 100,521 BTC. This suggests they possess almost 8,000 BTC separate from their primary reserve wallet.
Back in May 2023, Tether publicly stated its intention to allocate up to 15% of its realized net operating profits to purchasing Bitcoin. The company further reported acquiring 8,888 BTC, representing a $735 million investment, during the first quarter of 2025.
Tether’s CEO, Paolo Ardoino, commented in 2023, highlighting Bitcoin’s proven track record as a reliable store of value.
Ardoino stated, “Our Bitcoin investment isn’t just about boosting our portfolio’s performance. It’s about aligning with innovative technology that could fundamentally change how we live and conduct business.”
Tether is known for issuing USDT, the leading stablecoin when measured by market capitalization.
Currently, Bitcoin’s price is $85,111. As the leading cryptocurrency by market cap, it has gained over 3% in value during the last 24 hours, although it’s down almost 3% over the past week.
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