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DOGE $0.0700 +0.09%
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BCH $204.43 -0.29%
LINK $9.36 -1.52%
HYPE $57.46 +1.24%
AAVE $86.83 -0.23%
SUI $0.6796 -0.50%
XLM $0.1579 -0.32%
ZEC $493.53 +0.89%

Tether CEO: The company currently holds over 100,000 BTC and 50 tons of gold

2025-05-30 08:51:50

ChainCatcher news, according to The Block, Tether CEO Paolo Ardoino disclosed at the Bitcoin 2025 conference that the company currently holds over 100,000 BTC (worth over $10 billion) and more than 50 tons of gold.

According to the latest financial report, as of the end of the first quarter of 2025, Tether's Bitcoin holdings were valued at over $7 billion (calculated at $83,000 per coin at that time), and the value of physical gold bars exceeded $6 billion. Ardoino stated that Tether achieved approximately $13 billion in profit in 2024, making it the most profitable company in the crypto industry.

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