Tether spent $1 billion to buy 8,888 Bitcoins! Bitwise Chief Investment Officer: Tether is expected to become the most profitable company in the world

Tether purchased $1 billion worth of Bitcoin on the last day of the third quarter of 2025. Matt Hougan, chief investment officer of Bitwise, said Tether’s growth potential could allow it to surpass Saudi Aramco and become the most profitable company in history.
(Preliminary summary: Tether’s valuation reaches a shocking target of 500 billion, SoftBank and Ark Capital are evaluating taking shares)
(Background supplement: Wormhole founder criticized Tether and Circle for borrowing chickens to lay eggs but "snatching the profits", Tether retorted: USDT’s biggest role is to fight inflation)

According to Onchain Lens monitoring this evening (30th), the stablecoin giant Tether dropped today $1 billion, a one-time purchase of 8,888 Bitcoins worth $1 billion:

Instant news: Tether purchased $1 billion worth of Bitcoins on the last day of the third quarter of 2025, totaling 8,888.889 coins.

Wallet address: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4

Just In: Tether (@Tether_to) has bought 8,888.889 $BTC worth $1B, on the last day of Q3 2025.

Address: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4

Data @nansen_ai pic.twitter.com/5GwX50ZXou

— Onchain Lens (@OnchainLens) September 30, 2025

Bitwise Chief Investment Officer: Tether is expected to become the world's most profitable company

At the same time, Bitwise Chief Investment Officer Matt Hougan Tether’s growth potential could see it surpass Saudi Aramco to become the most profitable company in history, according to a new client report.

Hougan first said that the recent news that Tether is seeking financing at a valuation of US$500 billion has shocked the world. This valuation makes it one of the most valuable startups in the world alongside OpenAI and SpaceX. Hougan continued to point out that Tether’s stablecoin USDT currently almost completely dominates the adoption of stablecoins in non-Western countries. In many emerging markets, people may continue to switch from legal currency to USDT.

In addition, Tether CEO Paolo Ardoino also revealed that the number of USDT users worldwide has exceeded 400 million, with 35 million new wallets added every quarter. As of the second quarter of 2025, Tether held more than $127 billion in U.S. Treasury bonds, ranking 20th in the world, comparable to sovereign countries such as the United Arab Emirates and Germany. Hougan predicts that if Tether reaches $3 trillion in assets under management, its profits will exceed Saudi Aramco’s $120 billion in 2024 earnings at current interest rates.

The huge market potential of cryptocurrencies

Hougan finally emphasized that the potential of Tether also reflects the potential of the cryptocurrency industry. Take Bitcoin as an example. Its market capitalization of $2.3 trillion may seem high, but compared to its benchmark target gold, Bitcoin’s current market capitalization is less than 10% of that.

Hougan pointed out that other public chains, such as Ethereum and Solana, are also currently competing in global payment and capital markets, and the total value of these markets reaches hundreds of trillions of dollars, showing that cryptocurrencies still have huge potential.