Tether CEO Says Company Holds 150,000 Bitcoin, About 50,000
On November 3, 2026, Tether CEO Paolo Ardoino said at the Plan ₿ Forum in Lugano that the company holds about 150,000 bitcoin, worth about $11.5 billion. Bitcoin Magazine and Decrypt noted that this is about 50,000 more than the holdings implied by its latest reserve attestation, with the third-quarter report implying only 100,060.
Event Timeline
- [11-03 10:15] Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says (CoinDesk)
- [11-03 18:06] Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows (Bitcoin Magazine)
- [11-03 22:46] Tether Holds 150,000 Bitcoin, CEO Says—About 50,000 More Than Its Reserve Report Shows (Decrypt)
Background and Implications
On November 3, 2026, Tether CEO Paolo Ardoino said at the Plan ₿ Forum held in Lugano that the company's own bitcoin holdings are about 150,000, worth about $11.5 billion at current prices. His exact words in the remarks were "We have give or take 150,000 bitcoin ourselves. It's not much." CoinDesk reported the figure at 10:15 that day, Bitcoin Magazine at 18:06, and Decrypt at 22:46; all three sources described the holdings and valuation consistently.
The divergence emerges in comparison with official documents. Both Bitcoin Magazine and Decrypt noted in their reports that the 150,000 figure is about 50,000 more than the holdings implied by Tether's latest reserve attestation; Decrypt further wrote that the company's third-quarter reserve report implied bitcoin holdings of only 100,060. None of the three outlets gave a specific explanation for the difference, and Tether did not explain in the reports why the executive's figure was higher than the reserve report. CoinDesk's report focused mainly on the 150,000 and the $11.5 billion valuation itself, and did not mention the comparison with the reserve report.
In terms of verifiability, the difference means that, based on the public reserve attestation alone, outside observers cannot verify the 150,000 that Ardoino cited; the $11.5 billion valuation is likewise based on "current prices," and the reports did not give the specific price used in the calculation. For those watching Tether's balance sheet, the points to watch are whether subsequent reserve attestations will reflect this increment and whether the company will give a more precise holdings figure than "give or take." It should be noted that the reports above concern only the difference between the company's own bitcoin holdings and its disclosed figure; the material contains no statements about other assets, liabilities or operational changes.
The event itself does not involve the registration or download process of any trading platform, but keywords that often appear alongside it in Chinese searches include Binance registration APP download, OKX registration APP download, HTX registration APP download, Gate.io registration APP download and Bitget registration APP download; as far as the content of the three sources' reports goes, the core remains whether Tether's corporate holdings and its reserve report figure are consistent, and readers should be careful to distinguish these two types of information when searching.
Frequently Asked Questions
### How is the difference between 150,000 and 100,060 explained?
The reports do not explain it. Bitcoin Magazine and Decrypt only noted the difference of about 50,000 and compared it with the 100,060 implied by the third-quarter reserve report; Tether did not explain the reason in the reports.
### What milestones should be watched going forward?
The key is whether Tether's next reserve attestation reflects this increment and whether the company gives a more precise figure than "give or take 150,000." The reports did not mention a specific release date.
### Do the three outlets' reports conflict?
There is no substantive conflict. The holdings and valuation given by the three are consistent; the difference is in detail: CoinDesk reported only the 150,000 and $11.5 billion, while the other two added the difference from the reserve report.