Story

On air. The free wire runs 15 minutes behind live. See pricing

World, crypto, finance and tech news, scored for impact.

BitcoinTelegramFiled 34 h ago

[Wu Blockchain News] Highlight Clip: Tether CEO: Company Holds 150,000 BTC, Mining Hashrate Tops 50 EH/s

Open the sourceReported by Telegram, t.me, 6 November 2026, by wublockchainenglish
Impact 50 of 100, routine

Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.

Tether CEO Paolo Ardoino said at Plan ₿ Forum 2026 in Lugano that the company holds 150,000 BTC and that its mining hashrate has topped 50 EH/s, built with partners and supported by an open-sourced mining framework. The disclosure places Tether among the largest corporate bitcoin holders and among the bigger mining operators, tying the stablecoin issuer's balance sheet and infrastructure more closely to Bitcoin. Ardoino also defended Bitcoin's ten-minute block time as a feature rather than a flaw, saying it gives even remote villages time to download a block and supports financial inclusion. The remarks matter because Tether's USDT reserves and profit deployment are closely watched, and a larger bitcoin position adds transparency questions around custody and accounting. Watch for Tether's next attestation for how the 150,000 BTC is classified and valued, and for further hashrate growth as the open-source mining stack is adopted.

Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.

Named in this story

Tether, Paolo Ardoino, Bitcoin (BTC), Plan ₿ Forum 2026, Lugano

A linked name opens that asset's sentiment page.