Update
Tether CEO Discloses Larger Bitcoin Treasury
Tether CEO Paolo Ardoino has disclosed a substantially larger bitcoin treasury than previously documented in the stablecoin issuer's financial statements. His remarks at a Swiss cryptocurrency conference introduce new questions about the company's investment activities, asset ownership, and the extent of its publicly reported financial holdings. Tether’s bitcoin fortune appears considerably larger than its latest reserve attestation suggests, with approximately 150,000 BTC valued at $11.5 billion.