Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says
Bullish strength: 75/100
- Tether's CEO reported holdings of approximately 150,000 BTC worth $11.5 billion.
- Tether previously committed to allocating up to 15% of net realized operating profits to Bitcoin purchases.
- The company reported $7.95 billion in excess reserves at September's end.
Bearish strength: 25/100
- The reported 150,000 BTC figure is not reconciled with the roughly 100,060 BTC implied by the latest reserve report.
- The CEO did not specify when or where the additional coins were acquired or held.
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