Tether says it holds about 150,000 BTC, above reserve filing
BROBROK News · Based on reporting by Decrypt ·
Paolo Ardoino said at an event in Lugano that Tether holds around 150,000 Bitcoin, worth roughly $11.5 billion. That figure is higher than what the company’s Q3 reserve attestation implies for the Bitcoin tied to USDT reserves.
Key points
- Ardoino described Tether’s holdings as “give or take 150,000 bitcoin.”
- The Q3 attestation implies about 100,060 BTC in reserves.
- The gap is roughly 50,000 coins, or close to $3.8 billion.
- Tether says its corporate Bitcoin is separate from the reserves backing USDT.
- The company has said it has been accumulating Bitcoin for years.
Why it matters
The comment adds to scrutiny around Tether’s disclosures, a long-running issue for market confidence in USDT. It also highlights the difference between corporate assets and the reserves that support the stablecoin.
Original headline: “Tether Holds 150,000 Bitcoin, CEO Says—About 50,000 More Than Its Reserve Report Shows”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.