Tether CEO Paolo Ardoino said in a post on
On May 17, 2023, Tether said it would regularly allocate up to 15% of realized net operating profits to purchase bitcoins as reserves, adding BTC to the surplus instead of using it to support the circulation of USDT one by one. The company framed the move as strengthening its balance sheet with a long-term store of value.
BTC and gold as parallel pillars
Gold sits alongside bitcoin in that mix.
Tether issues tether gold (XAUt), a token backed by allocated bars, and said on July 24 that more than 7.66 tons of metal backed tokens in circulation as of June 30, 2025. Separately, as CoinDesk reported on September 5, 2025, citing the Financial Times, Tether has held talks to invest across the gold value chain, from mining and refining to royalties, as part of a broader diversification drive.
Ardoino has grouped assets rhetorically before. On September 7, he referenced bitcoin, gold and land as hedges and later dismissed suggestions that Tether was selling BTC to accumulate gold, saying the company remained committed to growing its bitcoin position.
Today’s eight-word release is less a policy change than a reformulation: bitcoin as a strategic asset added to earnings and gold as a parallel pillar through tokenization and possible upstream investments, while the majority of reserves remain in liquid instruments such as US Treasuries, according to the certifications. The next reserves report, expected later this month or early next month, will show whether allocations to BTC and gold have changed.
As of Sunday 8:10 pm UTC, the US Dollar Index (DXY) was down 8.88% year-to-date, while bitcoin and gold (BTC-USD and XAU-USD) were up 22.79% and 52.91%, respectively, according to MarketWatch.
