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

- URL: https://talkfuse.com/story/tether-holds-150000-bitcoin-worth-11-5-billion-ceo-paolo-ardoino-says/
- Published: 2026-11-03T10:15:53+00:00
- Updated: 2026-11-03T23:36:47+00:00
- Original publisher: CoinDesk
- Original article: https://www.coindesk.com/business/2026/11/03/tether-holds-150-000-bitcoin-worth-usd11-5-billion-ceo-paolo-ardoino-says
- Topics: Business, Companies, Crypto

## Key points

- Ardoino says Tether holds about 150,000 bitcoin, valued at roughly $11.5 billion.
- The figure is about 50,000 coins above the amount implied by its latest USDT reserve report.
- Tether has not explained where the additional coins are held or when it acquired them.

## Summary

Tether holds about 150,000 bitcoin, worth roughly $11.5 billion at the price cited on 3 November, chief executive Paolo Ardoino said during a speech at the Plan ₿ Forum in Lugano. His estimate is about 50,000 coins higher than the roughly 100,060 bitcoin implied by Tether International’s latest report on the assets backing its USDT stablecoin. Ardoino did not say where the additional coins are held or when they were acquired, so the difference does not establish that Tether recently bought 50,000 bitcoin.

The report values bitcoin in USDT reserves at $8.37 billion as of 30 September. It implies an increase of about 1,130 coins since the end of June; most of the rise in their reported dollar value reflected a higher bitcoin price at the September reporting date. Tether has said that investments funded from profits are kept separate from USDT reserves, which could account for some or all of the gap, but Ardoino did not confirm that explanation. The company reported $191.45 billion in reserve assets and $183.50 billion in liabilities at the end of September.

## Coverage

- [CoinDesk: Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says](https://www.coindesk.com/business/2026/11/03/tether-holds-150-000-bitcoin-worth-usd11-5-billion-ceo-paolo-ardoino-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 to Further Strengthen Reserves Through Purchase of Bitcoin with Realized Net Operating Profits](https://tether.io/news/tether-to-further-strengthen-reserves-through-purchase-of-bitcoin-with-realized-net-operating-profits/)

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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.