Bitcoin: In the ever-evolving world of cryptocurrency, rumors can spread like wildfire, creating unnecessary panic among investors. Recently, a wave of speculation suggested that Tether, one of the largest stablecoin issuers, was selling off its Bitcoin holdings to invest in gold. However, Tether’s CEO, Paolo Ardoino, has firmly put these rumors to rest.
Tether’s CEO Confirms No Bitcoin Was Sold
Ardoino, in a heartfelt post on X, clarified that Tether “didn’t sell any Bitcoin” and emphasized that the company continues to allocate profits into valuable assets such as Bitcoin, gold, and land. This reassurance comes amid claims by YouTuber Clive Thompson, who referenced Tether’s Q1 and Q2 2025 attestation data from BDO, suggesting a drop in Bitcoin holdings from 92,650 BTC in Q1 to 83,274 BTC in Q2.
Transfers to Twenty One Capital Explained
The truth, however, paints a very different picture. Samson Mow, CEO of Jan3, explained that the perceived reduction was due to Tether transferring 19,800 BTC to a separate initiative called Twenty One Capital (XXI) during the same period. This included 14,000 BTC in June and another 5,800 BTC in July. These transactions were not sales but strategic reallocations to support a Bitcoin-native financial platform led by Strike CEO Jack Mallers.
In fact, when these transfers are accounted for, Tether would have had 4,624 BTC more than at the end of Q1, highlighting that the company’s net Bitcoin holdings actually increased. Ardoino echoed this sentiment, stating, “While the world continues to get darker, Tether will continue to invest part of its profits into safe assets.”
Tether’s Current Bitcoin Holdings
Tether, the issuer of the widely used USDt stablecoin, currently holds over 100,521 BTC, worth approximately $11.17 billion, making it one of the largest corporate Bitcoin holders in the world.
El Salvador’s Gold Acquisition
Interestingly, Tether’s Bitcoin news coincided with El Salvador’s recent gold acquisition. The Central American nation purchased 13,999 troy ounces of gold, valued at $50 million, marking its first gold purchase since 1990. The move is part of a broader diversification strategy to reduce dependence on the US dollar, following its earlier $700 million Bitcoin reserve.
A Long-Term Vision for Secure Investments
Tether’s continued commitment to Bitcoin, along with strategic investments in gold and land, underscores a long-term vision for secure and diversified asset allocation. Investors can take comfort in knowing that despite rumors and speculation, Tether remains steadfast in its approach, navigating the complex financial landscape with prudence and transparency.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
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