Tether has strengthened its position as one of the world’s largest institutional holders of digital and physical assets after purchasing an additional 1,800 Bitcoin valued at approximately $113 million, while also expanding its gold reserves during the second quarter of the year.
According to the company’s latest quarterly attestation report, Tether now holds 98,936 Bitcoin, with the cryptocurrency portfolio valued at roughly $6.2 billion based on current market prices. The latest acquisition further reinforces the company’s long-term strategy of diversifying the reserves that back its stablecoin business.
Alongside its growing Bitcoin holdings, Tether significantly increased its investment in gold. During the three months ending in June, the company acquired 14 metric tons of gold, bringing its total gold reserves to 146 metric tons, valued at approximately $18.8 billion.
The latest purchase represents a notable increase in buying activity compared to the previous quarter, when the company added six metric tons of gold. It also follows a more aggressive accumulation phase in the final quarter of 2025, when Tether purchased more than 21 metric tons of the precious metal.
With its current holdings, Tether is now regarded as the largest known private holder of gold outside central banks and sovereign governments, underscoring its strategy of maintaining substantial reserve assets to support its financial operations.
The company is the issuer of USDT, the world’s largest U.S. dollar-backed stablecoin, with approximately $185 billion worth of tokens currently in circulation. Tether generates revenue by issuing USDT in exchange for U.S. dollars and investing those reserves in a diversified portfolio that includes U.S. Treasury securities, Bitcoin, gold, and other financial assets.
During the second quarter, Tether also expanded the supply of USDT by issuing nearly $500 million worth of new tokens, reflecting continued demand for the stablecoin across global cryptocurrency markets.
The company’s investment strategy unfolded during a period of heightened market volatility. Gold prices came under pressure during the quarter as geopolitical tensions in the Middle East contributed to rising bond yields, reducing investor appetite for non-yielding assets such as gold. Despite the market conditions, Tether continued to increase its exposure to the precious metal as part of its reserve management approach.
Financially, Tether reported a net operating profit of approximately $1.5 billion for the second quarter. While the figure remains substantial, it is lower than the $4.9 billion net profit recorded during the same period a year earlier.
The latest report highlights Tether’s continued commitment to strengthening the asset base supporting USDT while balancing investments across both digital currencies and traditional safe-haven assets. As institutional interest in cryptocurrencies and alternative reserve assets continues to grow, the company’s expanding Bitcoin and gold holdings reinforce its position as one of the most influential players in the global digital asset ecosystem.
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