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How Much Bitcoin Does Tether Own?

Public Companies that Own Bitcoin

Entity Country # of BTC Value Today % of 21m
Mt. Gox 200,000 200000 0.952%
Block.one 140,000 140000 0.667%
Tether Holdings LTD 55,000 55000 0.262%
The Tezos Foundation 17,500 17500 0.083%
Stone Ridge Holdings Group 10,000 10000 0.048%

How Much Bitcoin Does Tether International Limited Own?

Tether International Limited is estimated to be holding approximately 55,000 bitcoin as of August 1, 2023.

Tether International Limited, the company that launched and manages the stablecoin Tether (USDT), announced in "Tether’s Q1 2023 Assurance Report" that it is holding $1.5B in bitcoin(3). In August 2023, Bitcoin Magazine reported that Tether purchased an additional 1,529 bitcoin for 45.4M USD during the second quarter of the year. This makes their estimated btc holdings to be approximately 55,000 bitcoin.

This further confirms statements made by Tether on how they will invest in asset reserves:

Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin (BTC)(1).

What Does Tether International Limited Do?

Tether International Limited is a provider of the stablecoin Tether.

This is a blockchain digital currency that is backed 1 for 1 with the fiat currency used for purchase of the token.

Tether can be purchased in US dollar (USD), euro (EUR), Mexican Peso (MXN), and offshore Chinese yuan (CNH).

Represented by ₮, Tether tokens are denoted as USD₮, EUR₮, MXN₮, CNH₮. So $1 of Tether (USDT) will always be worth $1. That is why it is considered a stablecoin.

Who Owns Tether International Limited?

Tether International Limited is owned by iFinex Inc. a Hong Kong-based company that also owns the cryptocurrency exchange Bitfinex.

Why is Tether International Buying Bitcoin?

Tether International Limited is purchasing bitcoin as part of its company reserves.

What other Assets Does Tether Buy?

In addition to bitcoin purchases, Tether has invested a large percentage of assets in US Treasury Bills and gold. The remainder of the asset's value is held in cash, cash equivalents, and other short-term deposits. Tether is actually the largest private purchaser of U.S. Government Treasury Bills - only other governments buy more.(2)

Total of Bitcoins Owned by Entities

Category # of BTC Value Today % of 21m
ETFs 819125 819125 3.901%
Countries 451968 451968 2.152%
Public Companies 238859 238859 1.137%
Private Companies 429381 429381 2.045%

Learn More About Other Entities Owning Bitcoin

Entity Country # of BTC Value Today
200,000 200000
2,381 2381
643,572 643572
7,309 7309
9255 9255
55,000 55000
8,100 8100
9,000 9000
13,286 13286
8,027 8027
10,725 10725
Article Sources

BuyBitcoinWorldWide writers are subject matter experts and base their articles on firsthand information, like interviews with experts, whitepapers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Tether.to - Tether to Further Strengthen Reserves Through Purchase of Bitcoin with Realized Net Operating Profits, https://tether.to/en/tether-to-further-strengthen-reserves-through-purchase-of-bitcoin-with-realized-net-operating-profits/
  2. Tether.to - Tether Excess Reserves increase by $850M to reach $3.3B as Leading Stablecoin Reveals $72.5B overall exposure in US T-Bills and Unveils Energy-Related Investments, https://tether.to/en/tether-excess-reserves-increase-by-850m-to-reach-3-3b-as-leading-stablecoin-reveals-72-5b-overall-exposure-in-us-t-bills-and-unveils-energy-related-investments/
  3. Tether.to - Tether's Latest Q1 2023 Assurance Report Shows Reserves Surplus At All-Time High of $2.44B, up $1.48B in Net Profit; New Categories for Additional Transparency Reveals Bitcoin and Gold Allocations, https://tether.to/en/tethers-latest-q1-2023-assurance-report-shows-reserves-surplus-at-all-time-high-of-244b-up-148b-in-net-profit-new-categories-for-additional-transparency-reveals-bitcoin-and-gold-allocations/
  4. BuyBitcoinWorldWide.com - Bitcoin Treasuries, https://buybitcoinworldwide.com/treasuries/