Are the Claims That Tether Sold Bitcoin and Bought Gold True? An Official Statement Has Been Released

Tether CEO Paolo Ardoino stated in a statement on social media platform X that the company did not sell any Bitcoin and that the news that it converted its BTC assets into gold did not reflect the ￰0￱ argued that some Bitcoin assets were allocated to Tether’s XXI initiative, but that the company would otherwise continue to invest its profits in safe assets, namely Bitcoin, gold, and land ￰1￱ allegations in question came to light after analyst Clive Thompson reviewed Tether's audit ￰2￱ claimed the company's BTC holdings were declining, suggesting a shift to gold. However, analyst Samson Mow clarified the situation by stating that this interpretation was based on incomplete ￰3￱ to the data shared by Mow, the company's assets are: First Quarter 2025 (as of March 31): 92,650 BTC Second Quarter 2025 (as of June 30): 83,274 BTC However, during this period, Tether allocated a total of 19,800 BTC for the XXI ￰4￱ stated that when evaluated with this data, the company actually increased its net BTC assets: At the end of the second quarter, Tether had a 4,624 BTC surplus compared to the first ￰5￱ the July transfer, there's a net increase of at least 10,424 ￰6￱ seems everyone is looking for negative news for Bitcoin, but the company looks mega-bullish on all ￰7￱ Ardoino confirmed this statement, saying, “As Samson stated, Tether simply transferred some of its assets to ￰8￱ the world becomes increasingly darker, we will continue to invest our profits in safe assets like Bitcoin, gold, and ￰9￱ is a safe company.” *This is not investment ￰10￱ Reading: Are the Claims That Tether Sold Bitcoin and Bought Gold True?

An Official Statement Has Been Released