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 77,780 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.
🌈JUST IN: Tether: Holds $127 billion in U.S. Treasuries and has a net profit of about $4.9 billion in the Q2.
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— ChainThink | 链智库 (@ChainThink_news) July 31, 2025
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. USDT’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, teasing Tether AI to supercharge Bitcoin back in May.
Tether has reiterated its plans to float a stablecoin tailored for the US market to comply with the provisions of the GENIUS Act.
Market Implications
Tether’s strong financial performance and strategic Bitcoin accumulation could bolster confidence in both USDT stability and broader crypto market resilience. The company’s substantial profits from Bitcoin and gold holdings may encourage other institutional players to adopt similar treasury strategies.
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