According to disclosures by Bitcoin Treasuries on X, Tether CEO Paolo Ardoino stated that the company’s Bitcoin holdings have increased to approximately 150,000 BTC, up by about 50,000 BTC from the previous holding of around 100,000 BTC.
Tether Increases BTC Holdings to 150,000
TechFlowShare
Summary
Tether’s latest BTC news reveals the company now holds approximately 150,000 BTC, up from 100,000 BTC previously. CEO Paolo Ardoino confirmed the increase, attributing it to ongoing efforts to update and strengthen BTC reserves. This move aligns with broader market trends and Tether’s strategy to diversify its backing assets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.