Tether holds 150,000 bitcoin worth $11.5 billion, CEO Ardoino says

What sources claim

• Tether CEO Paolo Ardoino said Tether holds 150,000 bitcoin, according to CoinDesk.
• CoinDesk reported the holdings are worth $11.5 billion.
• Holdings outside USDT reserves, such as Tether's investments, would not appear in its report, CoinDesk reported.

Still unresolved

• Where the additional bitcoin beyond the reserves reported in Tether's attestation is held, which Ardoino did not specify, would need an official Tether statement or updated attestation to establish.
• Which wallets or custody arrangements back the 150,000 bitcoin, and whether any of it sits in USDT reserves, would be confirmed by on-chain data or Tether's reserve attestation.

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