A post by @WatcherGuru on X.

Tether CEO Paolo Ardoino said the stablecoin issuer now holds approximately 150,000 Bitcoin, valued at over $11.5 billion, making it one of the largest corporate holders of the asset. The disclosure underscores Tether's strategy of allocating a portion of its reserves and excess profits into Bitcoin, which the company began reporting quarterly under an attestation framework. The holdings reinforce Tether's dominant position in the stablecoin market, where USDT remains the most widely used dollar-pegged token with a circulating supply of roughly $120 billion. The announcement may pressure other stablecoin issuers and crypto-native treasuries to disclose or expand their own Bitcoin reserves. Watch for Tether's next quarterly attestation for updates to the Bitcoin balance and any commentary on whether the company plans additional purchases.