Tether's CEO Paolo Ardoino revealed bold plans to make the company the world's largest Bitcoin miner by the end of 2025. Speaking at the Bitcoin Conference in Las Vegas, he highlighted Tether's $13 billion profit last year and $120 billion held in US Treasuries.
The firm now owns over 100,000 Bitcoin and has invested over $2 billion into energy production and mining operations.
Ardoino reaffirmed the company's strong belief in Bitcoin, saying 'Bitcoin is perfect, gold is imperfect.' He added that Tether was built with Bitcoin and continues to support El Salvador, where it has its headquarters.
The country was the first to adopt Bitcoin as legal tender.
Tether is also entering the artificial intelligence space. The firm launched a platform called QVAC, aiming to build AI agents that can operate independently using non-custodial crypto wallets.
In a final announcement, Tether disclosed a partnership with Rumble to create a new 'Bitcoin-first' wallet. The wallet will also include limited stablecoin support to broaden its appeal to the general public.
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