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Tether holds about 150,000 BTC, CEO says at Lugano forum

Tether holds about 150,000 BTC, CEO says at Lugano forum
AI summary

Tether CEO Paolo Ardoino said at the Lugano Bitcoin forum that the company holds about 150,000 BTC. The disclosure comes alongside a Q3 reserve report showing $132.4 billion in U.S. Treasury exposure. Tether's large bitcoin position signals continued stablecoin-issuer demand for BTC, a modest confidence boost for holders tracking institutional accumulation.

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