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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 53,000 53000 0.252%
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, 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.

While the report did not state an actual number of bitcoin purchased by the company, the holdings are estimated at approximately 53,500 bitcoin based on the value stated in the release. The announcement on their website also stated:

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

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.

Total of Bitcoins Owned by Entities

Category # of BTC Value Today % of 21m
ETFs 819125 819125 3.901%
Countries 244779 244779 1.166%
Public Companies 232500 232500 1.107%
Private Companies 427381 427381 2.035%

Learn More About Other Entities Owning Bitcoin

Entity Country # of BTC Value Today
200,000 200000
2,381 2381
643,572 643572
7,112 7112
9,265 9265
53,000 53000
8,100 8100
9,000 9000
11,568 11568
8,027 8027
10,725 10725