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Market Cap
24h Vol
13286
Cryptocurrencies
63.51%
Bitcoin Share
Coin Edition 2025-05-30 15:00:00

Paolo Ardoino Details Tether’s ‘Perfect’ Bitcoin Strategy, $2 Billion Mining Push

Paolo Ardoino Details Tether’s ‘Perfect’ Bitcoin Strategy, $2 Billion Mining Push

Tether CEO Paolo Ardoino revealed the firm holds 100,000 BTC and over 50 tons of gold. Tether invested over $2 billion in Bitcoin mining, aiming to be the world’s largest by 2025. Ardoino stated Tether made $13B profit last year and sees Bitcoin as a “perfect” investment. Tether CEO Paolo Ardoino has disclosed the company’s Bitcoin holdings and its intention to maintain a leading status in the cryptocurrency’s mining ecosystem. Ardoino spoke at the 2025 Bitcoin Conference in Las Vegas, stating that Tether holds an impressive 100,000 BTC and more than 50 tons of gold. JUST IN: Tether announces it owns over 100,000 #Bitcoin and more than 50 tons of gold. pic.twitter.com/0Ja83hCs1H — Bitcoin Magazine (@BitcoinMagazine) May 29, 2025 During his address, Ardoino told attendees that Tether made $13 billion in profit last year and kept a $120 million balance in US treasuries as of the time of his speech. The Tether CEO further emphasized his company’s deep commitment to reinvesting significant funds into Bitcoin, citing the cryptocurrency as a “perfect” investment, compared to gold, which he thinks is “imperfect.” Related: Tether Expands Beyond S… The post Paolo Ardoino Details Tether’s ‘Perfect’ Bitcoin Strategy, $2 Billion Mining Push appeared first on Coin Edition .

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24h Vol
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