In an era where rumors swirl like autumn leaves, Paolo Ardoino, the CEO of Tether, has taken a firm stand against the gusts of speculation. With a gentle smile and a wave of his hand, he dismisses the talk of a Bitcoin sell-off, assuring the world that Tether continues to invest part of its substantial profits into Bitcoin, gold, and even patches of land. Oh, the whims of a modern-day financier! 🌏💼
The whispers of Tether’s Bitcoin sell-offs began to murmur through the financial forests after quarterly reports revealed a slight decline in its Bitcoin reserves. Yet, both Ardoino and the ever-eloquent Samson Mow, CEO of Jan3, have kindly reminded us that no such sales occurred. On the contrary, Tether’s affection for Bitcoin grows stronger with each passing day, much like the bond between an old oak and its roots. 🌳💔
Samson Mow Debunks Rumors Of Bitcoin Sell-Off
Across the vast expanse of the crypto industry, a new rumor emerged, suggesting that Tether, the issuer of the world’s largest stablecoin USDT, was parting ways with chunks of its Bitcoin to embrace the golden allure of gold. How dramatic!
On the social media platform X, Samson Mow, a well-known crypto commentator, pointed to an analysis by the insightful Clive Thompson. Thompson observed that Tether’s Bitcoin holdings dwindled from 92,650 BTC at the close of Q1 2025 to 83,274 BTC by the end of Q2 2025. From this, Thompson concluded that Tether must be selling Bitcoin to purchase gold. A tale worthy of a penny dreadful, wouldn’t you say? 📚🔍
Mow, however, noted a crucial detail that seemed to have eluded the keen eyes of many. Tether had allocated a portion of its Bitcoin reserves to fund its ambitious initiative, Twenty One Capital (XXI). Specifically, 14,000 BTC was transferred to XXI on June 2, followed by an additional 5,800 BTC in July. Taking these transfers into account, Tether actually saw a net increase of 4,624 BTC by the end of Q2 compared to Q1. Including the July allocation, the company’s overall position grew by more than 10,000 BTC. Mow described the rumors as yet another desperate attempt to craft bearish Bitcoin headlines, emphasizing that Tether’s stance on BTC remains overwhelmingly bullish. 🐻🐂
Tether CEO Confirms Commitment To Bitcoin
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2025-09-09 01:14