Tether CEO Paolo Ardoino has publicly detailed a significant aspect of the company’s corporate strategy, revealing a diversified investment portfolio comprising over 120 companies. These investments are explicitly backed by $137 billion in profits generated by the company, with Ardoino confirming they are distinct from the reserves supporting USDT and other stablecoins.
Prominent names within the disclosed portfolio include Italian football club Juventus, Bitcoin mining firm Bitdeer, data analytics provider Crystal Intelligence, video platform Rumble, and Shiga Digital, highlighting its wide scope. Tether emphasized its investment approach focuses on backing innovative technologies and sustainable ventures.
Ardoino’s disclosure underscores the company’s substantial financial holdings beyond the assets collateralizing the world’s largest stablecoin, USDT. The $137 billion earmarked for these strategic investments represents profits accumulated by Tether as of 2024.