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

Tether CEO Paolo Ardoino said at the Plan B forum in Lugano that the stablecoin issuer holds about 150,000 bitcoin, worth roughly $11.5 billion at current prices—about 50,000 BTC more than its latest reserve report discloses. The discrepancy suggests Tether's attested reserves may understate its bitcoin exposure, a disclosure gap that matters for investors assessing USDT backing and the company's broader crypto holdings. Tether has been a major bitcoin buyer, and the larger-than-reported stash implies it controls a significant share of supply relative to its public accounting. Watch for Tether's next quarterly attestation and any clarification of the reporting gap, plus bitcoin price moves that would shift the value of the undisclosed holdings.