Tether CEO Says Company Holds About 150,000 Bitcoin

Technology · First reported 3 Nov, 10:15 · Updated 10:55

Image: Wikimedia Commons · Rekia1991 · CC BY-SA 4.0

Paolo Ardoino said Tether holds roughly 150,000 Bitcoin, worth about $11.5 billion. That is around 50,000 more coins than can be inferred from the company’s Q3 reserve attestation, which covers USDT backing; Ardoino did not disclose where the additional Bitcoin is held or when it was acquired.

Tether CEO Paolo Ardoino said the company holds about 150,000 Bitcoin, worth roughly $11.5 billion.
Tether’s Q3 reserve attestation implies about 100,060 Bitcoin backing USDT, roughly 50,000 fewer than Ardoino’s stated total.
Ardoino did not say where the additional coins are held or when they were acquired; Tether says corporate Bitcoin holdings are separate from USDT reserves.

Summary written by Lux AI from 2 articles

Key facts

Bitcoin holdings claimed: About 150,000 BTC, according to Paolo Ardoino
Estimated value: Roughly $11.5 billion
Bitcoin implied by Q3 attestation: About 100,060 BTC
Difference: Roughly 50,000 BTC
Q3 assets and liabilities: $191.45 billion in assets and $183.50 billion in liabilities
Location and acquisition date of additional coins: Not disclosed by Ardoino