Tether CEO Paolo Ardoino said the company holds about 150,000 Bitcoin, worth roughly $11.5 billion, about 50,000 coins more than its Q3 reserve attestation implies. That attestation lists $8.37 billion of Bitcoin at $83,621 per coin, or roughly 100,060 BTC, leaving around 50,000 coins (close to $3.8 billion) not reflected in its public filings. Ardoino did not say where the extra Bitcoin is held or when it was acquired, and Tether has said its corporate Bitcoin sits separately from the reserves backing USDT. The company has accumulated Bitcoin for years and reported $1.5 billion in net operating profit in the third quarter alone. The issue touches on Tether's long-running scrutiny over USDT backing, as it began its first full financial audit with KPMG this year.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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