Tether’s CEO, Paolo Ardoino, says the company holds “give or take 150,000” Bitcoin, addressing a discrepancy between the figure he cites and what Tether’s latest reserve reporting implies. Decrypt notes that the Q3 reserve report appears to show about 100,060 Bitcoin, suggesting a difference of roughly 50,000.
Both outlets describe that the missing or extra holdings may not be reflected in the reserve report depending on how assets are categorized. CoinDesk highlights that Bitcoin not held as part of USDT “reserves”—including holdings outside those reserves, such as investments—would not necessarily appear in the reported USDT-backed reserve figures. Neither outlet provides specific locations for any additional coins beyond what the CEO stated publicly at the event.
Overall, the reporting focuses on the gap between Ardoino’s stated Bitcoin holdings and the reserve-report numbers, and on how reserve disclosures may differ from broader corporate asset holdings.
