| 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% |
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).
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.
Tether International Limited is owned by iFinex Inc. a Hong Kong-based company that also owns the cryptocurrency exchange Bitfinex.
Tether International Limited is purchasing bitcoin as part of its company reserves.
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.
| 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% |
| Entity | Country | # of BTC | Value Today |
|---|---|---|---|
| Mt. Gox | 200,000 | 200000 | |
| El Salvador | 2,381 | 2381 | |
| Grayscale Bitcoin Trust | 643,572 | 643572 | |
| Riot Platforms, Inc. | 7,112 | 7112 | |
| Hut 8 Mining Corp | 9,265 | 9265 | |
| Tether Holdings LTD | 53,000 | 53000 | |
| Galaxy Digital Holdings | 8,100 | 8100 | |
| Coinbase Global, Inc. | 9,000 | 9000 | |
| Marathon Digital Holdings Inc | 11,568 | 11568 | |
| Block, Inc. | 8,027 | 8027 | |
| Tesla, Inc | 10,725 | 10725 |
