Tether · Bitcoin · Federal Reserve (FED) · Strategy · SoftBank · Bitcoin Magazine
Tether Holds 150,000 Bitcoin CEO Confirms, 50,000 More Than Its Reserve Report Spots
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Tether CEO Paolo Ardoino said in Lugano that the company holds about 150,000 bitcoin worth $11.5 billion.
Key facts
- Tether International’s third-quarter reserve report, published Oct. 30 with an attestation from BDO, lists $8.37 billion in bitcoin valued at $83,621.23 per coin as of Sept. 30
- Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company’s latest reserve attestation
- Bitcoin traded near $77,600 Tuesday, which puts Tether’s stated holdings at $11.6 billion and its attested holdings at about $7.8 billion, below the Sept. 30 mark
- Tether CEO Paolo Ardoino said in Lugano that the company holds about 150,000 bitcoin worth $11.5 billion
Summary
Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company’s latest reserve attestation by roughly 50,000 coins. “The team have give or take 150,000 bitcoin ourselves. At that size the stack would rank Tether among the largest corporate holders of bitcoin, behind Strategy’s 848,517 BTC ( as of Q3 ) and ahead of most public miners and treasury companies. Ardoino did not say where the additional coins sit, when they were bought or whether they belong to the stablecoin issuer or to Tether Investments, the arm that holds the group’s venture and equity positions.