Tether Reveals $10B in Bitcoin, $13B Profit, and Gold Reserves
Tether CEO Paolo Ardoino took center stage at Bitcoin 2025 with a bold financial reveal: the world’s largest stablecoin issuer now holds over 100,000 BTC—valued at more than $10 billion—alongside 50 tons of gold.
In his presentation, Ardoino also disclosed that Tether earned roughly $13 billion in profit in 2024, positioning it as one of the most profitable companies in the crypto sector. The profit comes largely from interest income on reserves backing USDT, the company’s flagship dollar-pegged stablecoin.
Ardoino addressed potential criticism over Tether’s gold holdings—an unusual asset choice in a room filled with Bitcoin purists. “Many Bitcoiners don’t like talking about gold, as if it threatens ,” he said. “But gold isn’t competing with Bitcoin. Gold competes with fiat, and that’s why we like a little bit of it.”
He reaffirmed Tether’s belief in Bitcoin as the superior asset, calling it “perfect” compared to the “imperfect” nature of gold. The company’s position, he explained, reflects a diversified reserve strategy rather than a deviation from Bitcoin maximalism.
Tether’s public commitment to holding large BTC reserves aligns with its broader image as both a stablecoin issuer and a heavyweight crypto investor. The inclusion of gold adds a pragmatic hedge, without compromising its core allegiance to Bitcoin.
As Ardoino summed it up: “Bitcoin is the future. Gold just helps us bridge the present.”
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