Bitcoin Holdings Trigger Concern, but Tether Balance Sheet Shows Net Growth
The post Bitcoin Holdings Trigger Concern, but Tether Balance Sheet Shows Net Growth appeared on BitcoinEthereumNews.com.
Key Insights: Tether balance sheet shows that Bitcoin holdings grew by over 10,000 coins after adjusting for transfers. Q2 report confirms $162.5 billion in assets, $5.47 billion in extra reserves, and $4.9 billion in profit. Rumors of BTC sales were false; Tether continues to hold both Bitcoin and gold. Tether was back in the news this week after fresh rumors claimed it had sold Bitcoin for gold. The claims came after the firm’s quarterly report showed fewer BTC compared to the last quarter. At first glance, that sounded like selling. But when you look closely at the USDT-issuer’s balance sheet, the story is different. Tether did not sell Bitcoin. In fact, it added more, while also showing record reserves and profits. Where the Rumor of Tether Bitcoin Selling Came From? The talk started when analyst Clive Thompson compared Tether’s Bitcoin holdings between March and June 2025. In March (Q1), Tether held 92,650 BTC. By June 30 (Q2), the number showed 83,274 BTC. That drop of over 9,000 BTC was flagged as proof that Tether had sold. Tether Bitcoin Selling News | Source: X The claim spread quickly across social media, sparking worry that the biggest stablecoin company had dumped Bitcoin for gold. Traders already on edge saw this as bearish news. But the claim left out a key detail. The USDT-issuer had shifted part of its Bitcoin to a subsidiary called XXI. This is an arm of the company created to handle specific investments. In June, the firm sent 14,000 BTC to XXI. Another 5,800 BTC followed in July. Together, these transfers added up to 19,800 BTC. When these transfers are added back, Tether’s balance sheet shows growth, not sales. After adjusting for XXI, Tether actually had 4,624 more BTC at the end of Q2 compared to Q1. And when…
Filed under: News - @ September 8, 2025 10:31 am