Tether CEO Says Company Holds 150,000 BTC as Bitcoin Mining…
By Karthik Subramanian
AI summary of the source article
Tether CEO Paolo Ardoino announced that the company holds approximately 150,000 Bitcoin, valued at roughly $11.5 billion, and that its partnered mining operations surpass 50 EH/s. The figure exceeds Tether's latest quarterly reserve attestation by about 50,000 BTC.
Why it matters
Ardoino described the mining expansion as "part of a broader effort to strengthen Bitcoin's network security and develop infrastructure that operates independently of centralized technology providers."
Key facts
- Tether CEO Paolo Ardoino revealed the company holds approximately 150,000 BTC, exceeding its quarterly reserve attestation of roughly 100,060 BTC by about 50,000 BTC.
- Tether and partner-managed mining operations have surpassed 50 exahashes per second (EH/s) in computing power.
- Tether reported $191.45 billion in reserve assets against $183.50 billion in liabilities, yielding $7.95 billion in excess reserves and $1.5 billion in Q3 net operating profit.
Source excerpt · FinanceFeeds
Tether CEO Paolo Ardoino has revealed that the company holds approximately 150,000 Bitcoin, valued at around $11.5 billion at early November prices, while its mining operations developed with partners have surpassed 50 exahashes per second (EH/s). Speaking at the Plan ₿ Forum in Lugano, Switzerland, on October 23–24, 2026, Ardoino outlined Tether's expanding investments in Bitcoin, mining infrastr…