Tether holds 150,000 bitcoin valued at about $11.5 billion, Chief Executive Paolo Ardoino said, highlighting the scale of the stablecoin issuer’s reported exposure to the cryptocurrency.
What Ardoino disclosed
According to CoinDesk, Ardoino provided the estimate but did not say where the additional bitcoin is held. That leaves unclear whether all of the coins are held in a single location or across different arrangements.
The disclosure also does not establish that the entire amount appears in Tether’s USDT reserve reporting. Tether’s holdings outside the reserves backing USDT—including assets held as investments—would not appear in that report.
USDT is a stablecoin designed to track the U.S. dollar. Its reserve reporting is intended to show assets associated with backing the tokens in circulation, while a company’s broader investments can be accounted for separately. As a result, the reported bitcoin total and the bitcoin included in USDT reserve disclosures may not be identical.
Why the figure matters
A holding of 150,000 bitcoin represents a sizable cryptocurrency position for Tether, although the source material does not provide a breakdown of the coins’ location, purpose or reporting treatment. The value cited by Ardoino is approximately $11.5 billion, but the dollar value of bitcoin holdings can change as the market price moves.
The statement therefore adds information about Tether’s overall bitcoin exposure without detailing how much of that exposure supports USDT or is held for investment purposes.
Market picture
Moneyiar market data at 12:59 p.m. on November 3, 2026, showed:
- Bitcoin: $77,268.27, down 0.48% over 24 hours and 3.73% over seven days.
- Ethereum: $2,278.73, down 0.11% over 24 hours and 2.33% over seven days.
- Tether USDt: $0.9983, down 0.02% over 24 hours and up 0.01% over seven days.
The bitcoin price in that market snapshot provides context for the value of Tether’s disclosed holdings, while the reported total remains subject to changes in the cryptocurrency’s market price.
