At present, on the 2025 Bitcoin Convention in Las Vegas, the CEO of Tether Paolo Ardoino talked concerning the investments, innovations and Bitcoin mining of Tether.
Paolo Ardoino started his speech by saying, “last year we made $13 billion in profit. We keep a $120 billion blast in US treasuries as of now. We have committed to bring re-invest a lot into Bitcoin. We now have more than 100,000 Bitcoin that we own as a company.”
“Bitcoin is perfect, gold is imperfect,” stated Paolo
Ardoino defined slightly of their historical past with Bitcoin. “We are a company that was born with Bitcoin,” acknowledged. ”We’re all Bitcoiners at coronary heart. Everybody in our firm loves Bitcoin.”
El Salvador has been a supporter of Bitcoin and Paolo talked about, “we have our headquarters in El Salvador, the original Bitcoin country. We support el Salvador.”
Throughout his speech, he made a giant announcement of Tether turning into the largest Bitcoin miner on this planet.
“We invested 2 billion in energy production and bitcoin mining actually is a bit more than that. Something that we have been very shy to say, but I think that it’s very realistic that by the end of the year, Tether will be the biggest Bitcoin miner in the world, even including all the public companies.”
Ardoino talked about their new AI system made for society and never for firms.
“I want my AI agent to have a non-custodial wallet, so I can grant him some money. The money is kept by the AI agent and the AI agent will work for me. Will not work under the rules and conditions of someone else,” introduced Ardoino. “We have announced our AI platform recently. It’s called QVAC.”
Closing, Ardoino talked about their funding with Rumble and their new mission. He acknowledged, “we are collaborating to launch a Rumble Wallet that will be Bitcoin first and a little bit of stable coins wallet for the people.”
