Tether made a $15 billion profit in 2025 (we talked about the expected $14-15 billion profit for Tether back in September last year). It’s literally a money-printing machine. Tether’s holdings of U.S. Treasury bonds have now surpassed the amount held by South Korea, and they also hold a significant amount of Bitcoin and gold (80% in U.S. Treasury bonds, 20% in Bitcoin and gold). Nearly half of their profits likely come from that 20% in Bitcoin and gold. In the past two years, Tether’s investment strategy hasn’t been limited to crypto and finance. They’ve started increasing investments in areas like data centers, satellites, agriculture, telecommunications, and media.