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Tether reserves and bitcoin holdings
Tether's attested reserve reports and what its executives say about holdings.
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Tether's CEO cites 150,000 bitcoin, about 50,000 more than its reserve report shows
Paolo Ardoino's remark, reported by CoinDesk on November 3, is set against the third-quarter report that Tether International had approved on October 30: $8.37 billion of bitcoin, or about 100,060 coins.
Tether's $7.95 billion cushion covers 15% of the reserves held outside cash equivalents
Tether International's September 30 report puts 72.9% of $191.45 billion in cash equivalents; gold, loans, bitcoin, equities and other investments make up the other 27.1%.