USDT Issuer Tether's Bitcoin Holdings Rise to Nearly $10B as Big Profits Continue

Tether has reported net profits exceeding $10 billion in the first nine months of 2025, alongside a significant rise in circulating USDT, which reached a market capitalization of $174 billion. As of the third quarter, Tether holds approximately $9.9 billion in Bitcoin and $12.9 billion in gold. The company’s reserves stood at $6.8 billion above its liabilities, amounting to $174.4 billion related to USDT. Tether's CEO, Paolo Ardoino, noted that the firm's exposure to U.S. Treasuries grew to $135 billion, making it the 17th largest holder of U.S. debt. Tether has initiated a share buyback program aimed at attracting institutional investors, seeking up to $20 billion in investments. Additionally, it has applied for an investment fund license in El Salvador and plans to launch a new stablecoin focused on the U.S. market called USAT.

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