Tether Says It Now Holds About 150,000 Bitcoin, a Position Worth More Than $11.5 Billion
Photo: Blockchain Reporter
On November 3, during his keynote at the Plan ₿ Forum in Lugano, Tether chief executive Paolo Ardoino put a number on the stablecoin issuer’s Bitcoin position for the first time in public: the company holds “give or take 150,000 Bitcoin,” a stack he valued at more than $11.5 billion. The disclosure, which followed the October 30 publication of Tether’s third-quarter attestation , marks a sharp upward revision from the roughly 100,000 BTC implied by the company’s September 30 balance sheet — and it would make the issuer of USDT the second-largest disclosed corporate holder of Bitcoin, behind only Strategy.
Source: Blockchain Reporter
