Tether CEO says firm holds 150,000 bitcoin at Plan Ɂ Forum
Paolo Ardoino also stated the stablecoin issuer runs one of the world's largest bitcoin mining operations, with a hashrate above 50 EH/s.
Key takeaways
- 1Tether holds 150,000 bitcoin.
- 2The company's mining hashrate exceeds 50 EH/s.
Tether CEO Paolo Ardoino said the company holds 150,000 bitcoin. He made the announcement at the Plan Ɂ Forum 2026 in Lugano, held on October 23–24, Wu Blockchain reported.
Ardoino added that Tether has built one of the world's largest bitcoin mining operations alongside partners. The firm has also open-sourced its mining framework. He argued that Bitcoin's ten-minute block time is not a flaw, saying it allows even remote villages enough time to download a block, supporting financial inclusion.
Tether issues USDT, the world's largest stablecoin, which has a market value of $177.6 billion, according to YourKhabri data as of November 6, 2026. Bitcoin, the largest cryptocurrency, currently trades around $75,689 with a market value of $1.5 trillion. YourKhabri previously reported on November 3, 2026, that Tether held 150,000 Bitcoin, valued at over $11.5 billion at that time.
The firm's significant bitcoin holdings suggest a strategic investment in the asset. Its expansion into mining further integrates Tether into the Bitcoin ecosystem and supports network security. This move may be watched by investors for its implications on Tether's reserve diversification and its broader influence in the crypto market.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.