Tether CEO Paolo Ardoino said the company holds about 150,000 Bitcoin, worth roughly $11.5 billion at the prices cited in the report. That is about 50,000 more coins than implied by Tether’s third-quarter attestation of reserves backing USDT, which lists $8.37 billion in Bitcoin.
Ardoino did not say where the additional coins are held or when they were acquired, so his statement does not establish that Tether recently bought them. Tether says its corporate Bitcoin holdings are separate from the reserves backing USDT.
