Stablecoin issuer Tether has disclosed that it holds approximately 150,000 Bitcoin, a revelation made by CEO Paolo Ardoino during his keynote at the Plan B Forum on November 3, 2026. The disclosure comes as Tether continues to expand its global reach, now serving over 730 million users, and reported excess reserves of roughly $7.95 billion. The sizable Bitcoin position reinforces Tether's balance sheet strength at a time when the broader crypto market is sending mixed signals.
In separate market activity, Fidelity Digital Assets moved 1,722 BTC—worth about $132 million—to a new wallet, according to crypto commentator Poloniex. The transfer occurred against a backdrop of liquidity concerns after Tether froze more than $515 million in USDT. Meanwhile, a whale purchased 16,658 ETH at an average price of $2,279, adding to questions about Ethereum's near-term trajectory.
Bitcoin was trading around $77,000, down 0.48%, while Ethereum slipped 0.44%. Traders are monitoring whether Bitcoin can hold support above $75,000 and how the combined Tether liquidity developments, institutional movement, and whale accumulation may shape sentiment in the days ahead.
