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

- URL: https://talkfuse.com/story/tether-holds-150000-bitcoin-ceo-says-about-50000-more-than-its-reserve-report-shows/
- Published: 2026-11-03T22:46:02+00:00
- Updated: 2026-11-03T23:36:16+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382474/tether-holds-150000-bitcoin-ceo-says
- Topics: Business, Companies, Crypto

## Key points

- Ardoino says Tether holds about 150,000 bitcoin.
- Its September USDT reserve report implies about 100,060 bitcoin.
- Tether has not explained where or when the additional coins were held or acquired.

## Summary

Tether chief executive Paolo Ardoino said at the Plan ₿ Forum in Lugano that the company holds “give or take” 150,000 bitcoin. That is roughly 50,000 more than the holdings implied by Tether’s latest report on the assets backing its USDT stablecoin. The report, covering 30 September 2026 and accompanied by an attestation from BDO, valued bitcoin in those reserves at $8.37 billion, equivalent to about 100,060 coins at its stated valuation. Ardoino’s figure describes a larger company holding; it does not establish that Tether recently bought another 50,000 bitcoin.

The difference remains unexplained. Tether says its proprietary investments are funded from profits and excess capital and kept separate from the reserves backing USDT, so bitcoin held in that portfolio could account for some or all of the gap. Ardoino did not say where the additional coins are held or when they were acquired. Tether reported $191.45 billion in reserve assets and $183.50 billion in liabilities at the end of September, leaving $7.95 billion in excess reserves. A breakdown of the wider bitcoin holding would clarify how much sits inside the stablecoin reserves and how much sits elsewhere in the company.

## Coverage

- [Decrypt: Tether Holds 150,000 Bitcoin, CEO Says—About 50,000 More Than Its Reserve Report Shows](https://decrypt.co/382474/tether-holds-150000-bitcoin-ceo-says)
- [Tether: Tether Generates $1.5 Billion in Q3 Net Operating Profit as Reserve Buffer Doubles to Almost $8 Billion](https://tether.io/news/tether-generates-1-5-billion-in-q3-net-operating-profit-as-reserve-buffer-doubles-to-almost-8-billion/)
- [Tether: Tether Posts $1.04B Q1 2026 Profit Despite Highly Volatile Global Markets](https://tether.io/news/tether-posts-1-04b-q1-2026-profit-despite-highly-volatile-global-markets-reaches-all-time-highs-8-23b-reserve-buffer-and-maintains-u-s-treasury-heavy-backing/)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.