On November 12, 2026, ChainCatcher reported, citing Protos, that stablecoin issuer Tether had approximately $4.804 billion in exposure to US-listed stocks through 13 companies. The reported holdings were concentrated in three: Bitcoin treasury company Twenty One Capital (about $1.367 billion), video platform Rumble (about $1.328 billion) and agribusiness Adecoagro (about $966 million).
The other reported positions were Elemental Royalty (about $342 million), Bitdeer ($249 million), Gold.com ($148 million), Versamet Royalties ($128 million), Metalla Royalty ($115 million), Gold Royalty ($106 million), Satellogic ($39.65 million), Stablecoin Development Corp ($4.9 million), Aurelion ($4.4 million) and Antalpha Platform ($3.1 million).
Protos characterized the holdings as a push into multiple industries and said Tether was placing executives in roles at related companies. The list shows exposure across different businesses, not a single crypto-sector investment category.
Original report, published November 12, 2026, at 15:32 UTC+8.