The post Tether CEO Slams Rumors of Bitcoin Sell-Off for Gold Buys appeared on BitcoinEthereumNews.com.

Bitcoin Rumors of a Bitcoin sell-off at Tether rattled parts of the crypto community this week, only for the company’s leadership and industry allies to push back with a different story: the coins weren’t sold at all — they were redeployed. The chatter began when commentators noticed an apparent decline in Tether’s reported Bitcoin stash between the first and second quarters of 2025. According to BDO attestation data, holdings seemed to fall by more than 9,000 BTC, prompting claims that the stablecoin issuer had liquidated part of its reserve to chase gold. YouTuber Clive Thompson amplified the theory, suggesting Tether’s strategy was shifting away from Bitcoin. The Counter-Narrative Executives and close industry figures quickly disputed that interpretation. Samson Mow, CEO of Jan3, explained that the missing Bitcoin had been sent to Twenty One Capital (XXI), a separate financial initiative tied to Strike CEO Jack Mallers. Transfers in June and July totaled nearly 20,000 BTC, more than enough to explain the discrepancy. Tether CEO Paolo Ardoino echoed the point, insisting no coins were sold. Instead, he said, the company continues to channel profits into what it considers long-term safe assets — “Bitcoin, gold, and land.” Multi-Billion Dollar Transfers Blockchain records confirm that in early June, Tether moved over 37,000 BTC — worth almost $3.9 billion at the time — to support XXI. Had those transfers been counted under Tether’s direct holdings, its balance sheet would have shown a net increase, not a reduction. Independent data trackers still list Tether with more than 100,000 BTC valued above $11 billion, securing its place among the largest institutional holders. Timing With El Salvador’s Gold Buy The controversy unfolded alongside unrelated headlines from El Salvador, which announced its first gold purchase in over three decades. The central bank added 13,999 troy ounces, worth roughly $50…

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Filed under: News - @ September 8, 2025 4:31 am