Tether Holds $4.8B in US Public Equities Across 13 Listed Firms

Stablecoin issuer Tether holds roughly $4.8 billion in exposure to US equity markets through stakes in 13 publicly traded companies, according to regulatory filings reviewed by Protos ¹. The investments include substantial positions in video streaming, a corporate $BTC treasury vehicle, and a cluster of precious metals royalty firms ¹. The disclosure comes as the stablecoin operator continues deploying capital accumulated during recent quarters of record operational earnings, as reflected in earlier reports of its excess reserves reaching $7.95 billion.

Tether's equity footprint features a 50.3% financial stake in video platform Rumble (Nasdaq: RUM) when including warrants, though the issuer has capped its voting power below 9.9% ¹. Beyond share ownership, Tether committed to purchase $50 million in annual advertising services from Rumble over a two-year agreement starting Feb. 16, 2026, generating $5.54 million in revenue for Rumble in the second quarter of 2026—around 14% of the platform's quarterly total ¹. Tether also operates as a technology vendor for the Rumble Wallet, alongside its earlier divestment of Northern Data into the media firm's expanded computing umbrella ¹.

Exposure to Bitcoin and Gold Infrastructure

The public filings also outline Tether's extensive connections to dedicated corporate asset managers ¹. Tether and affiliated exchange Bitfinex seeded Bitcoin treasury vehicle Twenty One Capital (NYSE: XXI) with its underlying cryptocurrency ¹. Tether secured the right to nominate four of XXI's seven directors, placing Tether CEO Paolo Ardoino, CIO Zachary Lyons, Tether US CEO Bo Hines, and Raphael Zagury on the board ¹. Zagury subsequently took over as chief executive of XXI following the departure of Jack Mallers ¹. The firm has traded at an equity discount of approximately six-tenths of its net Bitcoin asset value ¹.

Concurrently, Tether has acquired substantial minority stakes across precious metals businesses to align with its commodity-backed products ¹. Tether holds a 27% stake in Elemental Royalty (Nasdaq: ELE), whose executive chairman Juan Sartori is a Tether principal ¹. Filings further reveal an equity position of over 13% in Gold.com (NYSE: GOLD), where Tether-related commercial activity accounted for $1.2 billion in aggregate fiscal 2026 revenues and more than 25% of recent quarterly income ¹. Additional filings confirm Tether holds a 12.6% position in Versamet Royalties (Nasdaq: VMET), 14.6% in Metalla Royalty and Streaming (NYSE: MTA), and 14.4% in Gold Royalty (NYSE: GROY) ¹. At the time of writing, $USDT changed hands at $0.9989.