Tether Holds 150,000 Bitcoin Worth $11.5 Billion, Ardoino…
By Tobi Opeyemi Amure
AI summary of the source article
Paolo Ardoino stated Tether holds approximately 150,000 bitcoin worth $11.5 billion, creating a 50,000-coin gap from its third-quarter reserve report. The attested reserve report lists $8.37 billion in bitcoin, which exceeds Tether's $7.95 billion excess reserve buffer.
Why it matters
The distinction matters for anyone reading the report as a full picture of the company, and because the attested bitcoin position is larger than the excess reserve buffer, "a sharp enough fall in the price would erode the cushion between what it owns and what it owes."
Key facts
- Paolo Ardoino stated Tether holds roughly 150,000 bitcoin, while its Q3 reserve report accounts for approximately 100,060 coins.
- Tether's attested $8.37 billion bitcoin holding exceeds its $7.95 billion excess reserve buffer.
- Tether reported $191.5 billion in reserve assets and $183.50 billion in liabilities at the end of September.
Source excerpt · FinanceFeeds
Paolo Ardoino told his Plan ₿ Forum keynote in Lugano that Tether holds “give or take 150,000 bitcoin ourselves,” adding, “It’s not much, but it’s honest work.” At current prices that is about $11.5 billion of bitcoin on the company’s balance sheet. Tether’s third-quarter reserve report lists $8.37 billion of bitcoin, which implies roughly 100,060 coins. Ardoino did not account for the other 50,00…