A stablecoin issuer reportedly holds around 150,000 bitcoin.
Tether CEO Ardoino said so himself at the Plan B Forum in Lugano, Switzerland.
His exact words were “give or take 150,000 BTC,” with no wallet details provided.
For comparison, its Q3 report valued BTC reserves at $8.37 billion as of 9/30, up from about $5.8 billion at the end of June.
My take: the key point isn’t the number—it’s that the money used to buy bitcoin comes from profits, not borrowing.
This kind of buying pressure won’t be forced to sell just because of a single pullback.
But it buys gradually; it’s not a short-term rescue crew.
$BTC 77,475 (Binance spot, 11/03 20:33 Taipei time)
Key levels: A 4H close back above 78,084 would signal a bottom; if it breaks below, watch 76,053.
Do you think Tether will become the next Strategy?
Comment “Yes” or “No.”
#Tether #BTC #stablecoin
Tether CEO Ardoino said so himself at the Plan B Forum in Lugano, Switzerland.
His exact words were “give or take 150,000 BTC,” with no wallet details provided.
For comparison, its Q3 report valued BTC reserves at $8.37 billion as of 9/30, up from about $5.8 billion at the end of June.
My take: the key point isn’t the number—it’s that the money used to buy bitcoin comes from profits, not borrowing.
This kind of buying pressure won’t be forced to sell just because of a single pullback.
But it buys gradually; it’s not a short-term rescue crew.
$BTC 77,475 (Binance spot, 11/03 20:33 Taipei time)
Key levels: A 4H close back above 78,084 would signal a bottom; if it breaks below, watch 76,053.
Do you think Tether will become the next Strategy?
Comment “Yes” or “No.”
#Tether #BTC #stablecoin