Tether pushes back against reports of Bitcoin liquidation to buy gold
The post Tether pushes back against reports of Bitcoin liquidation to buy gold appeared on BitcoinEthereumNews.com.
Tether CEO Paolo Ardoino took to X yesterday and responded to rumors about his company selling Bitcoin holdings to buy gold. The USDT stablecoin creator wrote, “Tether didn’t sell any Bitcoin.” He added that Tether is investing profits into valuable assets like Bitcoin, gold, and even land. Ardoino denies offloading any Bitcoin The rumor spread over social media after a YouTuber named Clive Thompson posted a video titled “Tether is Selling Bitcoin and Buying Gold! What Do They Know?” The video spread fear among crypto enthusiasts. In the video, Thompson claimed Tether sold some of its Bitcoin holdings after comparing the company’s attestation data from Q1 and Q2 of this year. He showed a drop of Tether’s BTC holdings from 92,650 BTC in Q1 to 83,274 BTC in Q2. However, it’s unclear how he figured out Tether’s plan to buy gold with its alleged BTC proceeds. Samson Mow, the CEO of JAN3, took to X to debunk Thompson’s claims. He explained that Tether had moved 19,800 BTC to a company called Twenty One Capital (XXI). The company, which focuses on Bitcoin accumulation, received the coins in two batches of 14,000 BTC and 5,800 BTC, sent in June and July. Ardoino supported Samson’s post and said, “Correct. Tether didn’t sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI.” As of today, Thompson’s speculative video is no longer available on YouTube. Correct. Tether didn’t sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI. While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land. Tether is the Stable Company. https://t.co/4KxdeNEsOE — Paolo Ardoino 🤖 (@paoloardoino) September 7, 2025 According to Bitcoin treasuries data from BitBO, Tether has…
Filed under: News - @ September 8, 2025 11:28 pm