Tether Bitcoin Holdings Rival Corporate Treasury Giants

Tether CEO Paolo Ardoino said on November 3 at the Plan ₿ Forum in Lugano, Switzerland, that the stablecoin issuer holds about 150,000 bitcoin, valued at $11.5 billion at the current price. Tether, which issues the USDT stablecoin, has followed a strategy announced in May 2023 to allocate up to 15% of net realized operating profits to bitcoin purchases. The position places Tether behind only Strategy, which holds 849,327 BTC, among major corporate bitcoin treasury holders; Tether is privately held and therefore outside BitcoinTreasuries’ ranking. Tether reported $4.5 billion in net operating profit in the first nine months of 2026, including $1.5 billion in the third quarter.