Tether CEO Paolo Ardoino said at the Plan ₿ Forum in Lugano that the company owns roughly 150,000 Bitcoin, a remark that puts $BTC and corporate treasury transparency back in the spotlight. The figure is about 50,000 coins higher than what Tether’s Q3 reserve report implies.

That reserve report points to 100,060 Bitcoin. The gap between the CEO’s spoken estimate of roughly 150,000 Bitcoin and the disclosed reserve number is nearly 50,000 BTC, a sizable difference for a company whose reserves are closely watched.

It is not clear from the available information whether the difference reflects timing, rounding, undisclosed holdings, or another factor. The 150,000 figure has not been confirmed by an updated reserve breakdown.

For now, traders have two numbers to weigh: a verbal estimate from Tether’s chief executive and a formal Q3 disclosure that implies a much smaller Bitcoin position. A clarification or updated reserve report would be needed to reconcile them.

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