UPDATE: Tether's 150,000 BTC disclosure exceeds Q3 reserve report by 50,000 BTC
CIE News ·
Update to Tether holds 150,000 Bitcoin worth $11.5 billion, CEO says
Based on reporting by Decrypt; not yet independently confirmed.
Tether CEO Paolo Ardoino disclosed at the Plan B Forum that Tether holds roughly 150,000 Bitcoin, which is about 50,000 BTC more than the 100,060 BTC stated in its Q3 reserve report.
Tether's reported holdings of around 150,000 Bitcoin (BTC) exceed the 100,060 BTC cited in its Q3 reserve report by roughly 50,000 BTC, according to Decrypt. As previously reported, Tether CEO Paolo Ardoino disclosed the 150,000 BTC total, valued at $11.5 billion, during an appearance at the Plan B Forum in Lugano. Ardoino stated that the extra coins sit outside USDT reserves, are excluded from standard reserve attestations, and did not disclose their specific storage location.
Key facts
- 150,000 BTC total reported
- Q3 report listed 100,060 BTC
- 50,000 BTC discrepancy
- Valued at $11.5 billion