Tether Holds 150,000 Bitcoin, CEO Says, Far Exceeding Reserve Report Figures
Key Highlights: Statements by Tether CEO Paolo Ardoino imply a gap of roughly 50,000 Bitcoin—valued near $3.8 billion—compared to Tether’s third-quarter public reserve attestation. Tether’s Q3 report confirmed $8.37 billion in Bitcoin backing USDT reserves, an excess reserve cushion of $7.95 billion, and $1.5 billion in quarterly net operating profit. While corporate investments sit separately ...