Tether’s latest financial report paints a glowing picture for the stablecoin issuer, with the company issuing $13.4 billion worth of USDT. As investors pore over the data, Tether has gained $2.6 billion in profit from Bitcoin and gold held on its balance sheet.
Tether Makes A Fortune From Bitcoin And Gold
Tether has released its Attestation Report, revealing the state of its financials for the second quarter of 2025. Prepared by top-five global independent accounting firm BDO, the report disclosed that Tether pulled in $4.9 billion in net profit in Q2.
The latest figures bring the total profits for the first six months of the year to $5.7 billion. Per the report, Tether’s Bitcoin and gold holdings made up $2.6 billion of the profits in Q1 and Q2, highlighting “operational strength and revenue consistency.”
Arkham data revealed that Tether holds 77.78K BTC on its balance sheet, valued at $9.23 billion at the current price. Meanwhile, the stablecoin issuer has over 7.66 tons (246,524.380 fine troy ounces) of gold stored in Switzerland as part of its reserves.
Since the start of the year, Bitcoin has gained 26.85% to outperform a raft of assets. Bitcoin set a new ATH of over $123,000 while the gold price has climbed by 16% since January.
In Q2, the company issued $13.4 billion worth of USDT, bringing its total haul since the start of 2025 to $20 billion. Tether’s circulating supply sits at $157 billion, with the stablecoin issuer becoming one of the largest holders of US Treasuries at $127 billion.
Reinvesting Profits In Long-Term Strategic Plays
Tether CEO Paolo Ardoino revealed that the stablecoin issuer is reinvesting a significant portion of its profits in key strategic initiatives. Over the last quarter, Tether-backed Twenty One Capital has seen its Bitcoin holdings surge with the stablecoin issuer recently signaling to invest an additional 5,800 BTC.
Ardoino disclosed another strategic investment in Rumble, with the company backing the development of the Rumble wallet. The company is also making significant strides in AI innovation, famously teasing Tether AI to supercharge Bitcoin.
Tether has disclosed plans to float a stablecoin tailored for the US market to comply with the provisions of the GENIUS Act.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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