| 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% |
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. 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).
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 â‚®, Tether tokens are denoted as USDâ‚®, EURâ‚®, MXNâ‚®, CNHâ‚®. 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 | 451968 | 451968 | 2.152% |
| Public Companies | 238492 | 238492 | 1.136% |
| Private Companies | 429381 | 429381 | 2.045% |
| 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. | 7,309 | 7309 | |
| Hut 8 Mining Corp | 9,152 | 9152 | |
| Tether Holdings LTD | 55,000 | 55000 | |
| Galaxy Digital Holdings | 8,100 | 8100 | |
| Coinbase Global, Inc. | 9,000 | 9000 | |
| Marathon Digital Holdings Inc | 12,964 | 12964 | |
| Block, Inc. | 8,027 | 8027 | |
| Tesla, Inc | 10,725 | 10725 |
