Tether holds stakes in 13 U.S. public companies, with equity investment exposure of about $4.8 billion

TechFlow reported on November 12 that, according to Protos, the world's largest stablecoin issuer Tether holds approximately $4.8 billion in stock market exposure through investments in 13 U.S. public companies. The data is compiled based on U.S. securities regulatory filings and market prices in early November 2026.

Among them, Tether's stake in bitcoin treasury company Twenty One Capital (XXI) is worth about $1.367 billion, its exposure to video platform Rumble (RUM) is about $1.328 billion, and its stake in agricultural company Adecoagro (AGRO) is worth about $966 million. The three together account for about 76% of the total exposure.

In addition, Tether has also invested in companies such as Bitdeer and Elemental Royalty, with businesses spanning bitcoin mining, gold mining rights, and satellite technology.

The report said these investments mainly come from Tether's profits and excess reserves and should not be directly equated with the liquid reserve assets backing USDT issuance.

Source: TechFlow