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TRX $0.3386 +0.79%
DOGE $0.0890 -1.43%
ADA $0.2171 -1.62%
BCH $254.74 -0.98%
LINK $12.53 -5.23%
HYPE $82.96 -5.93%
AAVE $128.82 -4.48%
SUI $0.8082 -1.55%
XLM $0.1874 -3.33%
ZEC $1,161.72 -2.67%

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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