Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says
Source: CoinDesk ·
From the source
Ardoino didn’t say where the extra coins sit. Holdings outside USDT reserves, such as Tether’s investments, wouldn’t appear in the report. Leading stablecoin issuer Tether now holds about 150,000 bitcoin BTC $76,922.35 , worth some $11.5 billion at current prices, CEO Paolo Ardoino said, roughly 50,000 more than the holdings implied by the company’s latest report on the reserves backing its stablecoin. “We have give or take 150,000 bitcoin ourselves. It’s not much, but it’s honest work,” Ardoino said during his Plan ₿ Forum keynote in Lugano, Switzerland. Ardoino didn't say where the additional coins are held or when Tether acquired them, so the figure doesn't show a new 50,000 BTC purchase. His words came has discussed how Tether supports the Bitcoin ecosystem and after he revealed Tether has over 730 million users throughout the world, and has seen growth of 30 million wallets per quarter. Tether International’s third-quarter reserve report , which carries an attestation from…
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