Tether says it holds 150,000 BTC, Paolo Ardoino says
BROBROK News · Based on reporting by CoinDesk ·
Paolo Ardoino said Tether holds 150,000 bitcoin, worth about $11.5 billion. He did not say where the additional coins are held.
Key points
- Ardoino put Tether's BTC holdings at 150,000 coins.
- The figure corresponds to roughly $11.5 billion.
- He did not identify the location or custody of the extra coins.
- Holdings outside USDT reserves, such as company investments, would not show up in the reserves report.
Why it matters
The remark highlights Tether’s large BTC exposure, but it does not clarify whether the coins belong to USDT reserves or other parts of the company. That distinction matters for understanding Tether’s balance sheet and reported reserve composition.
Original headline: “Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.