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Tether Bitcoin Holdings Rival Corporate Treasury Giants
Tether Bitcoin holdings are approaching $12 billion as USDT profits fuel the stablecoin giant growing treasury among major corporate holders.
Dextape brief
Tether's bitcoin holdings have reached roughly 150,000 BTC, worth about $11.5 billion, according to CEO Paolo Ardoino. He shared the figure at the Plan ₿ Forum in Lugano, Switzerland, on November 3. Only Strategy holds more among public companies tracked by BitcoinTreasuries, with 849,327 BTC. Privately held Tether is absent from that ranking, yet its position still exceeds Metaplanet and Strive, each under 50,000 BTC. The bitcoin plan began in May 2023, when Tether said it would direct up to 15% of net realized operating profits to purchases. Tether reported $4.5 billion in net operating profit over the first nine months of 2026. Its third-quarter attestation showed excess reserves of $7.95 billion, nearly double the June figure.
Why it matters: It shows how profits from a stablecoin business can fund a large bitcoin position, unlike companies that raise capital to buy bitcoin.
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Terms in this story
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.
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