Tether became one of the top five Bitcoin holders in 2026, purchasing 8,888 BTC on Dec. 31, valued around $8.4-$8.5 billion. This acquisition brought Tether’s disclosed Bitcoin holdings to over 96,000 BTC, part of its diversified reserve strategy that includes cash, U.S. Treasuries, and gold.

Despite Tether’s success in acquiring Bitcoin and gold, the stablecoin faced scrutiny over transparency. S&P Global downgraded Tether to a weak rating due to persistent disclosure gaps and a rising share of high-risk assets in its reserves, including Bitcoin, gold, and other investments. Tether strongly disagreed with the rating.

Tether has been quietly accumulating physical gold, holding about 116 metric tons worth billions. After shutting down Bitcoin mining operations in Latin America, Tether continues to reinvest in Bitcoin and gold despite closure, emphasizing diversification efforts. Billionaire Arthur Hayes reignited debate over Tether’s balance sheet exposure, while Tether CEO Paolo Ardoino defended the company’s position.

At press time, Bitcoin was trading at $87,847.04. Tether’s strategic moves and acquisitions signal a commitment to diversifying its reserves and strengthening its position in the market, despite recent scrutiny and challenges.

Read more at Yahoo Finance: World’s largest private gold holder joins top five Bitcoin holders