Tether CEO Breaks Silence on Bitcoin and Gold Rumors
The post Tether CEO Breaks Silence on Bitcoin and Gold Rumors appeared on BitcoinEthereumNews.com. Tether CEO Paolo Ardoino has resisted speculation that the world’s largest stablecoin issuer is selling Bitcoin (BTC) to accumulate gold. According to Ardoino, these claims are false, with the crypto executive reaffirming Tether’s long-term bullish stance on BTC. Tether’s Hybrid Reserve Model Counters Bearish Rumors Sponsored The rumors began after Clive Thompson, an independent analyst, claimed that Tether’s Bitcoin holdings had declined between the first and second quarter of 2025. The analyst cited attestations from the accounting firm BDO. According to the documents, Tether held 92,650 BTC at the end of Q1, compared with 83,274 BTC at the end of Q2. Thompson argued this suggested the company had liquidated part of its position to fund growing gold investments. Samson Mow, CEO of Jan3 and a vocal Bitcoin advocate, rebuts the claim. He explained that Tether had transferred nearly 20,000 BTC into investment vehicle XXI, which was not factored into Thompson’s analysis. “June 2, 2025, 14,000 BTC was transferred to XXI. In July 2025, an additional 5,800 BTC was transferred to XXI. That means that at the end of Q2 2025, Tether would have had 4,624 BTC more than at the end of Q1 2025. If you combined it with the July transfer, then Tether has (at least) a net increase in Bitcoin holdings of 10,424 BTC,” Mow wrote on X (Twitter). Ardoino confirmed the explanation, articulating that Tether did not sell any Bitcoin, and noting that the stablecoin issuer contributed part of its stash into XXI. “While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold, and Land. Tether is the Stable Company,” he wrote. Sponsored The clarification comes as Tether builds a broader diversification strategy that increasingly includes precious metals. BeInCrypto reported that the company has amassed…
The post Tether CEO Breaks Silence on Bitcoin and Gold Rumors appeared on BitcoinEthereumNews.com.
Tether CEO Paolo Ardoino has resisted speculation that the world’s largest stablecoin issuer is selling Bitcoin (BTC) to accumulate gold. According to Ardoino, these claims are false, with the crypto executive reaffirming Tether’s long-term bullish stance on BTC. Tether’s Hybrid Reserve Model Counters Bearish Rumors Sponsored The rumors began after Clive Thompson, an independent analyst, claimed that Tether’s Bitcoin holdings had declined between the first and second quarter of 2025. The analyst cited attestations from the accounting firm BDO. According to the documents, Tether held 92,650 BTC at the end of Q1, compared with 83,274 BTC at the end of Q2. Thompson argued this suggested the company had liquidated part of its position to fund growing gold investments. Samson Mow, CEO of Jan3 and a vocal Bitcoin advocate, rebuts the claim. He explained that Tether had transferred nearly 20,000 BTC into investment vehicle XXI, which was not factored into Thompson’s analysis. “June 2, 2025, 14,000 BTC was transferred to XXI. In July 2025, an additional 5,800 BTC was transferred to XXI. That means that at the end of Q2 2025, Tether would have had 4,624 BTC more than at the end of Q1 2025. If you combined it with the July transfer, then Tether has (at least) a net increase in Bitcoin holdings of 10,424 BTC,” Mow wrote on X (Twitter). Ardoino confirmed the explanation, articulating that Tether did not sell any Bitcoin, and noting that the stablecoin issuer contributed part of its stash into XXI. “While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold, and Land. Tether is the Stable Company,” he wrote. Sponsored The clarification comes as Tether builds a broader diversification strategy that increasingly includes precious metals. BeInCrypto reported that the company has amassed…
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