Tether Logs $1.5B Q2 Profit as US Treasuries, Repo Income and Gold Reserves Rise

Tether reported $1.5 billion in net operating profit for Q2 2026, citing returns from U.S. Treasury investments and repo operations as key drivers. The company said its reserve surplus rose to about $4.11 billion while USDT’s circulating supply increased to $184.6 billion during the quarter ^{[1] [2] [3]}.

In its latest attestation, Tether also described an allocation that includes Treasuries, repo agreements, and more than 146 metric tons of gold, alongside holding approximately 98,932 bitcoin at quarter-end. Multiple outlets said Tether increased its gold holdings during Q2 and ended the period with roughly $5.8 billion worth of bitcoin ^{[2] [3] [4] [5]}.

Tether’s Q2 results show a continued reliance on U.S. Treasury exposure and repo activity for profitability, while the company expanded or maintained broader reserve components highlighted in its attestation ^{[1] [3]}.