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Tether CEO says firm holds 150,000 bitcoin, 50,000 above reserve report figure

Tether CEO says firm holds 150,000 bitcoin, 50,000 above reserve report figure
AI summary

Tether CEO Paolo Ardoino said in Lugano that the company holds about 150,000 bitcoin, worth roughly $11.5 billion. That is 50,000 BTC more than its published reserve report shows. The disclosure signals larger-than-reported stablecoin-issuer exposure to bitcoin, a modest confidence positive for BTC holders tracking large institutional holdings.

Narrative history
2 linked stories · 3 outlets · since 3 Nov
  1. 1H AGO
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    Tether CEO says firm holds 150,000 bitcoin, 50,000 above reserve report figure
    Bitcoin Magazine · Score 45
  2. 9H AGO
    CoinDesk · Score 47 · via 150,000 bitcoin, holds 150,000
  3. 14H AGO
    crypto.news · Score 55 · via 150,000, holds 150,000
Most read · 72h