According to @wallisi, Tether holds the largest non-sovereign gold position and a sizable stack of Bitcoin, implying potential influence on BTC and commodity-linked sentiment, source: @wallisi on X dated Nov 27, 2025. Tether has officially confirmed that physical gold and Bitcoin are part of USDT reserves, including disclosure of a company-controlled address holding 75,354 BTC as of May 2024, source: Tether company blog Transparency Update May 2024 and Tether Q2 2024 assurance by BDO. Public data indicate the “largest non-sovereign gold holding” claim is not supported, as SPDR Gold Trust holds hundreds of tonnes of gold exceeding Tether’s reported exposure, source: State Street Global Advisors GLD fund fact sheet 2024 and Tether Q2 2024 assurance. For trading, Tether’s stated policy to allocate up to 15% of net profits to Bitcoin signals recurring structural buy-side demand when profits exist, which can affect BTC liquidity and dip absorption, source: Tether reserve investment policy announcement May 2023. Monitoring the USDT peg and Tether’s periodic reserve attestations can offer signals for BTC liquidity and stablecoin risk premium, source: Tether transparency page and BDO assurance releases.

According to The Kobeissi Letter, Tether’s gold holdings reached a record USD 12.9 billion in September, equal to 104 tonnes of physical gold (source: The Kobeissi Letter). According to The Kobeissi Letter, the value of its gold holdings has doubled since the start of 2025, while physical reserves have doubled since Q2 2024 (source: The Kobeissi Letter). According to The Kobeissi Letter, Tether has been accumulating more than one ton of gold per week on average in 2025, placing it among the largest buyers in the global market (source: The Kobeissi Letter). According to The Kobeissi Letter, Tether’s total reserve assets have surpassed USD 180 billion with about 7 percent held in gold, making it one of the world’s largest gold holders (source: The Kobeissi Letter). According to The Kobeissi Letter, crypto is joining the global gold rush; for traders, this ties a measurable share of Tether’s reported reserves to bullion pricing, so tracking gold volatility can inform reserve valuation and liquidity monitoring in crypto markets (source: The Kobeissi Letter).

According to @paoloardoino, Tether ranks among the top 18 holders of U.S. Treasuries, top 40 in physical gold, and holds over 100,000 BTC, as stated in his X post on August 10, 2025 (source: @paoloardoino on X https://twitter.com/paoloardoino/status/1954458034215825660). For traders, this indicates Tether’s reserve mix spans U.S. Treasuries, gold, and BTC, which are key inputs when assessing USDT liquidity profile and reserve diversification (source: @paoloardoino on X). The disclosed 100k+ BTC position means part of Tether’s backing is directly linked to Bitcoin price performance, a data point for BTC market participants monitoring stablecoin issuer exposure (source: @paoloardoino on X). The top-18 U.S. Treasury ranking highlights sizable allocation to U.S. government debt, a relevant factor when evaluating USDT stability during shifts in Treasury market conditions (source: @paoloardoino on X).

According to @paoloardoino, Tether ranks among the top 18 holders of U.S. Treasuries, is within the top 40 holders of physical gold, and holds more than 100,000 BTC, highlighting large and diversified reserves that underpin USDT’s backing; source: @paoloardoino on X on Aug 10, 2025. According to @paoloardoino, this mix of Treasuries, gold, and BTC suggests USDT liquidity is supported by sovereign debt plus hard-asset exposure while introducing direct sensitivity to BTC price moves—key for traders assessing stablecoin risk and crypto market liquidity; source: @paoloardoino on X on Aug 10, 2025. According to @paoloardoino, traders should watch U.S. yields, gold prices, and BTC volatility as drivers that can influence Tether’s reserve valuation and perceived stability in crypto markets; source: @paoloardoino on X on Aug 10, 2025.

According to Cas Abbé, countries are adopting various strategies to acquire Bitcoin (BTC), including selling gold holdings, mining BTC, and printing more money. These actions are expected to contribute to the NGU (Number Go Up) technology, indicating a potential increase in BTC's value.

According to Cas Abbé, countries are adopting various strategies to acquire Bitcoin (BTC), including selling gold holdings, mining BTC, and printing more money. These actions are expected to contribute to the NGU (Number Go Up) technology, indicating a potential increase in Bitcoin's value.