Tether says it holds 150,000 bitcoin worth $11.5 billion
In short
Tether’s CEO Paolo Ardoino said the company holds 150,000 bitcoin worth $11.5 billion. The summary says he did not say where the extra coins are kept.
This matters because people watching Tether want to know how much bitcoin it controls and where it sits. The reporting does not explain the full location of the coins.
What the reporting says
Tether’s CEO Paolo Ardoino said the company holds 150,000 bitcoin worth $11.5 billion, according to the publisher summary. The report also says he did not specify where the extra coins sit, and that holdings outside USDT reserves, such as investments, would not appear in the report. The disclosure matters for Tether’s balance-sheet visibility, but the exact location and reporting treatment of the coins remain unclear.
Why it matters
Tether CEO Paolo Ardoino said the company holds 150,000 bitcoin worth $11.5 billion, according to the publisher summary. The report adds that he did not say where the extra coins are held, and that holdings outside USDT reserves would not appear in the report. The disclosure is relevant to Tether’s crypto balance sheet, but the exact accounting treatment remains unknown.