Tether bets big on $1.5bn AI mattress company Eight Sleep

Core Insights - Tether, the world's largest stablecoin issuer, has made a significant investment in Eight Sleep, valuing the company at $1.5 billion, indicating a diversification strategy beyond cryptocurrencies [1][2] - Tether's investment strategy includes a focus on artificial intelligence and health technology, aiming to integrate Eight Sleep's products with its data infrastructure [2][4] Investment Overview - Tether has a diverse investment portfolio, having previously invested $200 million for a majority stake in Blackrock Neurotech, which is developing brain-computer interfaces, and participated in an $81 million funding round for Generative Bionics, a robotics company [4] - The investment in Eight Sleep aligns with Tether's launch of the QVAC Health app, which utilizes AI to track health metrics, suggesting a strategic move towards health technology [4][5] Financial Performance - Tether reported a net profit of $10 billion in 2025, driven by its investments in commercial paper, gold, and US Treasuries, showcasing its financial strength and capacity for further investments [3]