Tether Says It Holds 150,000 Bitcoin Worth $11.5 Billion

Tether CEO Paolo Ardoino has stated that the stablecoin issuer holds 150,000 bitcoin, valued at roughly $11.5 billion. He did not disclose where these coins are stored. The bitcoin holdings may fall outside the company's USDT reserves, meaning they would not show up in its published reserve reports. The disclosure gives a clearer picture of Tether's asset base beyond the reserves backing its stablecoin. The source article provides no further detail on the timing or purpose of the announcement.