In the context of Bitcoin prices surpassing $108,000, driven by positive signals from the U.S. Federal Reserve (FED) and a ceasefire agreement between Iran and Israel, Tether CEO Paolo Ardoino made a bold statement that Tether has the potential to become the world’s largest Bitcoin mining company by the end of 2025.
On the Big Brain podcast, Ardoino revealed that Tether currently holds over 100,000 BTC and views this mining operation as a strategic pillar to protect its $10 billion investment in Bitcoin.
Despite recording impressive profits of $13 billion from Bitcoin mining in 2024 with a team of fewer than 200 members, Ardoino emphasized that Tether’s goals do not stop there. He stated:
If we just wanted to make money, buying Bitcoin directly would be much simpler. However, for Tether, participating in securing the network is a top priority.
This statement reflects Tether’s long-term commitment to protecting and developing the Bitcoin ecosystem, where it plays a crucial role. Since 2023, Tether has invested over $2 billion into energy and mining infrastructure at 15 locations worldwide, from Uruguay and Paraguay to El Salvador. The goal is to scale up mining, reduce dependence on third parties, and enhance the security of the Bitcoin network.
Related: Tether Mints Another 2 Billion USDT as Bitcoin Reclaims $100K
If this plan succeeds, Tether will not only maintain its position as the leading stablecoin issuer worldwide but also become a significant force in the global cryptocurrency mining industry, shaping the future of Bitcoin.
