The CEO of Tether, Paolo Ardoino, has publicly addressed and dismissed the circulating statements that the firm sold Bitcoin by gold. The controversy exploded on September 6, after YouTuber Clive Thompson suggested that Tether had silently altered his investment strategy.
Citing the company’s assets states, Thompson claimed that the company had sold more than $ 1 billion in Bitcoin while acquired $ 1.6 billion in gold during the last quarter. He suggested that this was evidence that the company was throwing Bitcoin in favor of gold, which led to the speculation that the world’s largest stable emitter was losing confidence in BTC.
Transfers confused with liquidation
The online talk about the claim arose, attracting reactions of prominent figures in the cryptographic industry. BTC’s lawyer for a long time and Jan3’s CEO Samson Mow intervened to correct the narrative and pointed out that Thompson’s analysis overlooks a crucial detail.
According to Mow, Bitcoin’s holdings of Tether seemed lower in his Certification Report Q2 2025, 83,274 BTC compared to 92,650 BTC in Q1, but this fall was due to transfers made to the affiliated entity XXI of Tether instead of sales. Specifically, 14,000 BTC moved to XXI on June 2, followed by another 5,800 BTC in July.
Facting these transfers, Mow explained that the company’s net holdings actually increased by more than 10,000 BTC in Q2 and July combined. He dismissed the claims of a massive sale as an example of the hunger in the Bitcoin Bitcoin Boldist market, adding that Tether remains “mega bullish” in the asset.
The CEO of Tether, Paolo Ardoino, also confirmed Mow’s clarification and declared that the company had not sold any Bitcoin, but had simply assigned part of its reserves to XXI. Ardoino reiterated that while the Stablecoin issuer continues to diversify the profits in assets such as Bitcoin, Gold and Land, his commitment to BTC remains unwavering.
“While the world continues to obscure, Tether will continue to invest part of his earnings in safe assets such as Bitcoin, Gold and Land.”
Bitcoin wins the profits of the second trimester of pusher of the tether
Due to the Bitcoin concentration, Tether reported a strong second quarter after publishing $ 4.9 billion in earnings. This figure was an amazing 277% increase compared to the same period last year. The quarter brought its annual income to $ 5.7 billion, with $ 3.1 billion from recurrent operations and another $ 2.6 billion promoted by profits in their Bitcoin and gold holdings.
The company also demonstrated a solid financial health, since it revealed reservations of $ 162.5 billion against $ 157 billion in liabilities as of June 30, 2025, which reflects a comfortable whim.
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