Tether CEO Paolo Ardoino disclosed the company's plans to reach a leading position in Bitcoin mining by the end of 2025. This decision is based on the strategic need to support network security and protect its reserves.
Tether's Mining Strategy
Ardoino emphasized in a recent interview that in many cases, direct BTC investment yields higher profits than mining. However, Tether is opting to participate in mining to safeguard its reserves. He noted that Tether already holds significant Bitcoin reserves and aims to contribute to the decentralization of the network through mining operations across South America, the United States, and other regions. The CEO also highlighted the importance of maintaining a mining presence in the US during this 'monumental time' for the industry.
Tether's Gold Reserves
Alongside its ambitious mining plans, Tether is quietly expanding its reserve strategy beyond Bitcoin. Ardoino revealed that the firm holds approximately $8 billion in gold, which is around 80 tonnes, stored in a Swiss vault he described as 'the most secure vault in the world.' Tether owns almost the entire stockpile, making it one of the largest private gold holders globally. Gold now comprises almost 5% of Tether's $112 billion reserves, on par with UBS’s precious-metals holdings.
Future of Mining Module
In line with Tether's broader efforts to promote decentralization, the company announced plans to open-source its Bitcoin Mining OS (MOS) last month. This system aims to support existing mining infrastructure and help new entrants access the market without vendor reliance. The rollout is expected by the fourth quarter of 2025, enabling more companies to compete in securing the Bitcoin network.
Tether aims to establish itself as a leader in Bitcoin mining while supporting network security. Its expansion into gold reserves also indicates a strategic approach to diversifying its assets.
