Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company’s latest reserve attestation by roughly 50,000 coins.

“We have give or take 150,000 bitcoin ourselves. It’s not much, but it’s honest work,” Ardoino said during his keynote at the Plan ₿ Forum in Lugano, Switzerland, the city where Tether has run a bitcoin and stablecoin adoption program since 2022.

At that size the stack would rank Tether among the largest corporate holders of bitcoin, behind Strategy’s 848,517 BTC (as of Q3) and ahead of most public miners and treasury companies. 

Ardoino did not say…

Read more on BitcoinMagazine