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

Tether CEO Paolo Ardoino stated at the Plan ₿ Forum in Lugano that the stablecoin issuer possesses approximately 150,000 Bitcoin. This claim, however, indicates a significant divergence from the figures presented in the company's Q3 reserve report, which suggests Tether holds only 100,060 Bitcoin. The discrepancy of roughly 50,000 Bitcoin between the CEO's verbal declaration and the official financial disclosure raises questions regarding the transparency and exact extent of Tether's Bitcoin reserves, an important factor for market participants observing institutional Bitcoin accumulation.