Tether holds stakes in 13 U.S. publicly traded companies, with an equity investment exposure of approximately $4.8 billion.

on Nov. 12, according to Protos, the world’s largest stablecoin issuer, Tether, holds a total stock market exposure worth approximately $4.8 billion through investments in 13 U.S. publicly traded companies. The related data is compiled based on U.S. securities regulatory filings and market prices from early November 2026.

Among these, Tether’s holdings in Bitcoin treasury company Twenty One Capital (XXI) are valued at approximately $1.367 billion, its exposure to video platform Rumble (RUM) amounts to about $1.328 billion, and its stake in agricultural firm Adecoagro (AGRO) is valued at roughly $966 million, with the three collectively accounting for about 76% of the total exposure.

Additionally, Tether has invested in companies such as Bitdeer and Elemental Royalty, covering sectors including Bitcoin mining, gold mining rights, and satellite technology.

The report noted that these investments primarily stem from Tether’s profits and excess reserves, and should not be directly equated with the liquidity reserve assets backing USDT issuance.