Tether Allocates Up to 15% Profits to Bitcoin Reserves
Tether CEO Paolo Ardoino reaffirmed the company's strategy involving Bitcoin and gold as enduring currencies, in line with its reserve allocation approach over the past two years.
- On May 17, 2023, Tether announced plans to allocate up to 15% of net realized operating profits to purchase Bitcoin for reserves, enhancing its balance sheet as a long-term value store.
- Tether issues tether gold (XAUt), backed by more than 7.66 tons of allocated bars as of June 30, 2025.
- The company has engaged in discussions to invest in the entire gold value chain, from mining to royalties, as part of diversification.
- Ardoino has emphasized Bitcoin, gold, and land as hedges, dismissing rumors of selling BTC to acquire gold.
- Tether's upcoming reserve report will indicate any changes in allocations to Bitcoin and gold.
- As of the latest update, the U.S. dollar index (DXY) is down 8.88% year-to-date, while Bitcoin and gold have increased by 22.79% and 52.91%, respectively.