Tether holds 150,000 Bitcoin worth $11.5 billion, CEO says

CIE News ·

Based on reporting by CoinDesk; not yet independently confirmed.

Tether holds 150,000 Bitcoin valued at $11.5 billion outside its USDT reserves, according to CEO Paolo Ardoino as reported by CoinDesk.

Tether CEO Paolo Ardoino stated that Tether holds 150,000 Bitcoin (BTC) worth $11.5 billion, according to CoinDesk. Ardoino noted that these assets sit outside of Tether's USDT reserves and do not appear in standard USDT reserve reports. The CEO did not disclose the storage location for the coins.

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Read the original at CoinDesk

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