Tether CEO: Company Holds About 150,000 Bitcoin, Over 730 Million Users Worldwide

November 3 — According to ZeroHedge, Tether CEO Paolo Ardoino disclosed during a speech at the Plan ₿ Forum in Lugano that Tether holds about 150,000 bitcoin, has more than 730 million users worldwide, and adds roughly 30 million wallets each quarter. Ardoino also presented the company's open-source infrastructure progress in energy, communications and AI: its investment in African solar and battery kiosks has reached about 5,000 units serving 2 million users, with plans to expand to 100,000 within five years; other efforts include a Bitcoin mining framework, the peer-to-peer communication layer Holepunch, WDK for self-custodial wallets, and QVAC, a small AI model that can run on a phone.

Tether's previously disclosed third-quarter report shows that it holds $122.8 billion in U.S. short-term Treasury bills, with net operating profit of $1.5 billion and excess reserves rising to $7.95 billion.