Tether has presented its financial results for Q2 2025, showcasing significant investments in U.S. Treasuries, gold, and bitcoin.
Key Reserve Metrics of Tether
CEO Paolo Ardoino reported that Tether's reserves rank it 18th worldwide in U.S. Treasury holdings at $127 billion. The company's gold reserves also increased in Q2, reaching $8.7 billion, up from $6.7 billion at the end of Q1 2025. Tether now holds a total of 82 tonnes of gold. Additionally, the company has reported 77,780 BTC on its balance sheet, valued at $9.23 billion as of July 2025, with indications that total Bitcoin holdings could exceed 100,000.
The Role of USDT in the Stablecoin Market
Tether's USDT remains the largest stablecoin in the market with a circulating supply of 164.51 billion and a market value of $164.52 billion. Daily trading volumes exceed $114 billion. The Q2 attestation report by BDO showed a net profit of $4.9 billion for the quarter, raising total profits in the first half of 2025 to $5.7 billion, with a significant portion of these profits attributed to gains in Bitcoin and gold prices.
Tether's Broader Investment Moves
Tether continues to expand into new investment areas. In Q2, Ardoino confirmed ownership of a majority stake in Twenty One Capital, related to Jack Mallers, transferring 18,812 BTC to establish the firm's Bitcoin treasury. Additionally, Tether has invested in Rumble to support the development of their digital wallet. The company is also working on a project called Tether AI for artificial intelligence applications and acquired a minority stake in the Spanish crypto exchange Bit2Me with a €30 million funding round to facilitate its expansion in the EU.
Tether shows robust financial results and increases its presence in various sectors of the crypto industry, supported by substantial asset investments and technological projects.