- USDT’s issuer, Tether, recently completed an 8,888.88 Bitcoin purchase worth over $1 billion.
- Bitwise CIO Matt Hougan believes the company has the potential to surpass the value of Saudi Aramco.
- Tether capturing approximately 3% of the global money supply could elevate its assets to $3 trillion.
Tether, the world’s largest stablecoin company, recently replenished its Bitcoin (BTC) treasury. According to Arkham Intelligence, the issuer of USDT secured 8,888.88 BTC from a Bitfinex wallet to cap off the third quarter of 2025.
Tether’s Latest Bitcoin Purchase
Tether’s latest Bitcoin transaction occurred at around noon on September 30. Bitcoin hovered around $114,000 at that time, so Tether likely spent over $1 billion on the purchase. However, given the fact that Tether and Bitfinex share the same parent, iFinex, some people doubt whether it purchased the BTC in question or the transaction was merely a transfer of assets for custodial reasons.
Tether has yet to publicly confirm its latest Bitcoin acquisition. Nonetheless, its wallet monitored by Arkham reveals it now holds 87,475 BTC. BitcoinTreasuriesNet’s data also displays the exact figures.
Tether’s Crypto Portfolio
As of writing at 5:00 PM on Tuesday, Tether’s Bitcoin haul is worth $9.88 billion as BTC traded near $113,000. Meanwhile, its crypto portfolio was valued at $15.53 billion. Its largest holdings besides BTC include over $5.5 billion in USDT, $539.18 million in XAUt (Tether Gold), $53.49 million in EURT, and $49.45 million in AUSDT.
Moreover, the company’s associated wallet notably maintained $302,580 in Circle’s USDC, $53,090 in Ethereum (ETH), and $31,110 in Solana (SOL). These come in addition to its 50 tons of gold reserves in Switzerland, as Tether CEO Paolo Ardoino confirmed in July.
Tether to Overtake Saudi Aramco in the Future
Matt Hougan, Chief Investment Officer of Bitwise, boldly predicted in his recent commentary that Tether has the potential to push its value beyond the market cap of Saudi Aramco.
Aramco is a majority state-owned petroleum and natural gas company in Saudi Arabia. The institution is currently ranked tenth among the top assets by market cap based on CompaniesMarketCap’s data.
The business presently has an overall valuation of around $1.63 trillion. The same list ranks Bitcoin eighth with a $2.25 trillion market cap.
Hougan forecasted that if Tether controls around 3% of the global money supply, its assets could appreciate to $3 trillion. It would make it the most profitable company in history, with its value matching Alphabet’s (Google) current market cap.
The Bitwise exec believes Tether is already en route in that direction, given its nearly 100% share in the stablecoin market in non-Western countries.
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