- Tether CEO Paolo Ardoino revealed the firm holds 100,000 BTC and over 50 tons of gold.
- Tether invested over $2 billion in Bitcoin mining, aiming to be the world’s largest by 2025.
- Ardoino stated Tether made $13B profit last year and sees Bitcoin as a “perfect” investment.
Tether CEO Paolo Ardoino has disclosed the company’s Bitcoin holdings and its intention to maintain a leading status in the cryptocurrency’s mining ecosystem. Ardoino spoke at the 2025 Bitcoin Conference in Las Vegas, stating that Tether holds an impressive 100,000 BTC and more than 50 tons of gold.
During his address, Ardoino told attendees that Tether made $13 billion in profit last year and kept a $120 million balance in US treasuries as of the time of his speech. The Tether CEO further emphasized his company’s deep commitment to reinvesting significant funds into Bitcoin, citing the cryptocurrency as a “perfect” investment, compared to gold, which he thinks is “imperfect.”
Related: Tether Expands Beyond Stablecoins with AI, Bitcoin Tech
Ardoino also shed more light on Tether’s Bitcoin involvement, stating that the company was “born with Bitcoin” and everyone at Tether loves the cryptocurrency. He specifically acknowledged El Salvador’s supportive stance towards Tether, noting that Tether built its headquarters in the South American nation.
Aiming for #1 in Bitcoin Mining
Beyond its current Bitcoin holdings, Ardoino announced that Tether has initiated a process toward becoming the biggest Bitcoin miner in the world. According to him, the stablecoin issuer invested over $2 billion in Bitcoin mining and aims to achieve the projected leadership status by the end of 2025.
Ardoino’s latest exposure highlights institutional participation in Bitcoin investment, especially among corporations within the blockchain industry. It is worth noting that the Tether CEO told the conference attendees that his company maintained a low-key status about its Bitcoin investment. According to the Tether executive, they have been very shy about their Bitcoin engagements.
Related: Tether Buys 7.7 Tons of Gold — What Does This Mean for $XAUT?
Bitcoin has maintained a bullish narrative after recovering from the last bear cycle in the final quarter of 2023. The cryptocurrency has achieved new levels, reaching a $112,000 all-time high. Many analysts attribute Bitcoin’s growth to an influx of institutional investors. However, firms like Tether form the core of the cryptocurrency’s sustainability and could remain crucial to the digital asset’s future.
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