Tether has refuted claims about selling Bitcoin to invest in gold, affirming its commitment to a long-term cryptocurrency investment strategy.
Clarifying Bitcoin Holdings
Tether's CEO Paolo Ardoino denied rumors of selling Bitcoin. "Tether did not sell any Bitcoin. We transferred part of our holdings to Twenty One Capital, a Bitcoin-focused public company. Our commitment to Bitcoin remains strong." This statement directly counters speculation and highlights Tether’s long-term focus.
Strategic Diversification of Investments
Tether's investment strategy is designed to manage risk and maintain stability for USDT holders. The company balances crypto assets with traditional assets like gold and land. Ardoino emphasized that Bitcoin remains a key part of the strategy, reflecting careful risk management and portfolio diversification.
Financial Overview of Tether
Currently, Tether holds over 100,000 BTC, valued at approximately $11.17 billion. Bitcoin remains the most significant portion of Tether’s reserves, underscoring the ongoing importance of the Tether Bitcoin investment approach.
Tether’s clarifications dispel misconceptions about its holdings. By affirming Bitcoin’s central role, the company demonstrates its commitment to transparency and strategic growth.
