Tether denies Bitcoin sell-off rumors, confirms buying BTC, gold, land

Tether CEO Paolo Ardoino has denied caller rumors that the stablecoin issuer is offloading its Bitcoin holdings to bargain gold.

In a Sunday station connected X, Ardoino said the institution “didn’t merchantability immoderate Bitcoin,” and reaffirmed its strategy of allocating profits into assets similar “Bitcoin, gold, and land.”

The comments came successful effect to speculation from YouTuber Clive Thompson, who cited Tether’s Q1 and Q2 2025 attestation information from BDO to assertion the steadfast had reduced its Bitcoin (BTC) position. Thompson pointed to a driblet from 92,650 BTC successful Q1 to 83,274 BTC successful Q2 arsenic grounds of a sell-off.

However, Jan3 CEO Samson Mow debunked the claim, noting that Tether transferred 19,800 BTC to a abstracted inaugural called Twenty One Capital (XXI) during the aforesaid period. That included 14,000 BTC sent successful June and different 5,800 BTC successful July.

Tether CEO denies Bitcoin sell-off rumors. Source: Paolo Ardoino

Related: Tether holds talks to put crossed golden proviso chain: Report

Tether moves $3.9 cardinal successful BTC to XXI

In aboriginal June, Tether moved implicit 37,000 BTC, worthy astir $3.9 billion, crossed galore transactions to enactment XXI, a Bitcoin-native fiscal level led by Strike CEO Jack Mallers.

“Tether would person had 4,624 BTC much than astatine the extremity of Q1 if the transportation is accounted for,” Mow explained, adding that the steadfast really accrued its nett holdings.

Ardoino echoed the explanation, saying the Bitcoin was moved, not sold. “While the satellite continues to get darker, Tether volition proceed to put portion of its profits into harmless assets,” helium wrote.

Tether, the issuer of the USDt (USDT) stablecoin, holds implicit 100,521 BTC, worthy astir $11.17 billion, according to information from BitcoinTreasuries.NET.

Tether holds implicit 100,000 BTC. Source: BitcoinTreasuries.NET

Related: Tether scraps program to frost USDT connected 5 blockchains

El Salvador buys $50 cardinal successful gold

Tether’s Bitcoin sell-off rumors came arsenic El Salvador revealed it has added 13,999 troy ounces of golden worthy $50 cardinal to its overseas reserves, marking its archetypal golden acquisition since 1990. The cardinal slope said the determination is portion of a diversification strategy to trim reliance connected the US dollar.

Before turning to gold, El Salvador built a $700 cardinal Bitcoin reserve, holding 6,292 BTC. However, an International Monetary Fund study successful July claimed that the Central American state has not made any new Bitcoin purchases since February.

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