Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows
By Micah Zimmerman
AI summary of the source article
Tether holds roughly 150,000 bitcoin worth about $11.5 billion, according to CEO Paolo Ardoino. The figure exceeds the approximately 100,060 bitcoin disclosed in the company's third-quarter reserve attestation report by around 50,000 coins.
Key facts
- CEO Paolo Ardoino announced Tether holds approximately 150,000 bitcoin valued at about $11.5 billion.
- Tether's Q3 reserve attestation listed about 100,060 bitcoin worth $8.37 billion as of September 30.
- Tether keeps investments made from profits separate from the reserves backing USDT.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows Tether CEO Paolo Ardoino said in Lugano that the company holds about 150,000 bitcoin worth $11.5 billion. This post Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows first appeared on Bitcoin Magazine and is written by Micah Zimmerman .