Tether published a statement on platform X refuting claims of selling their Bitcoin assets and switching to gold investments. CEO Paolo Ardoino addressed these rumors, indicating they are unfounded.
Tether's statement on Bitcoin
Tether's CEO Paolo Ardoino stated that the company did not sell any Bitcoin. He clarified that some Bitcoin assets were allocated to the XXI initiative while Tether continues to invest in safe assets such as Bitcoin, gold, and real estate.
Market analysis and audit reports
The rumors of a potential asset sale arose after analyst Clive Thompson reviewed Tether's audit reports, suggesting a decline in the company's Bitcoin holdings. However, analyst Samson Mow clarified that this interpretation was based on incomplete data. According to the data, Tether had 92,650 BTC at the end of Q1 2025, dropping to 83,274 BTC by the end of Q2, considering the 19,800 BTC allocated to the XXI initiative.
Future investments of Tether
Mow noted that taking the allocated assets into account, Tether actually increased its net Bitcoin holdings by 4,624 BTC compared to Q1. Including the July transfer, there’s a net increase of at least 10,424 BTC. Ardoino confirmed, saying, 'As Samson stated, Tether simply transferred some of its assets to XXI.'
Tether's statement highlights the company's commitment to continue investing in Bitcoin and other safe assets, despite the circulating rumors of a sale.
