Tether Holds 150,000 Bitcoin, CEO Says—About 50,000 More Than Its Reserve Report Shows

Paolo Ardoino, Tether’s CEO, told the Plan ₿ Forum in Lugano that the company owns approximately 150,000 bitcoin. Tether’s third-quarter reserve report, by contrast, implies holdings of 100,060 bitcoin. That leaves a difference of about 50,000 bitcoin between the CEO’s stated figure and the amount suggested by the report. Ardoino described the 150,000 figure as approximate, while the report presents the company’s disclosed quarterly reserve figure for its bitcoin ownership.