Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says

Tether CEO Paolo Ardoino announced that the company holds 150,000 bitcoin, valued at approximately $11.5 billion. Ardoino did not specify the exact location or custodial arrangements for these substantial Bitcoin reserves. It was noted that certain holdings, particularly those designated as Tether's investments and not part of the USDT reserves, would not be itemized in the company's standard reports, implying a distinction in how these Bitcoin assets are managed and disclosed.