Bitcoin

Gold

<p>Tether CEO Paolo Ardoino has publicly denied rumors that the stablecoin issuer sold any of its Bitcoin holdings. The speculation arose after a misinterpretation of the company’s Q1 and Q2 2025 attestation reports, which appeared to show a reduction in its Bitcoin reserves. Ardoino addressed the concerns directly on the social media platform X, stating Tether “didn’t sell any Bitcoin.”</p>
<p>The confusion began when YouTuber Clive Thompson pointed out a decrease in Tether’s listed Bitcoin holdings in the very first quarters of this year. However, Jan3 CEO Samson Mow later clarified the discrepancy. According to Mow, the change was due to Tether transferring 19,800 BTC to a separate investment initiative named Twenty One Capital (XXI).</p>
<div class="embedpress-gutenberg-wrapper aligncenter   ep-content-protection-disabled inline" id="c082e99b-8cc6-4ca6-af93-f9e3c6ceb4e8">
 <div class="wp-block-embed__wrapper   ">
  <div id="ep-gutenberg-content-fb9a64f27828214725dc2794b0811838" class="ep-gutenberg-content">
   <div>
    <div class="ep-embed-content-wraper  insta-grid  ">
     <div class="ose- ose-uid-36d9c1f0cb3b0e85e5c9f75abd0f78b6 ose-embedpress-responsive" style="width: 100%; height:600px; max-height:600px; max-width:100%; display:inline-block;">
      <blockquote class="twitter-tweet">
       <p>I’m seeing news that Tether is selling Bitcoin for gold, and I think it’s false. <br><br>This guy Clive Thompson is making the rounds now based on analyzing BDO’s attestations for Tether. He came to the conclusion that because BTC holdings dropped, they sold it for gold. <br><br>Q2 2025 (as… <a href="https://t.co/B9Xc7krtqD" rel="noopener noreferrer nofollow">pic.twitter.com/B9Xc7krtqD</a></p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1964541251510010068?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 7, 2025</a>
      </blockquote>
     </div>
    </div>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="on-chain-data-confirms-transfers">On-Chain Data Confirms Transfers</h2>
<p>On-chain data confirms two significant transfers to XXI, with 14,000 BTC moved in June and another 5,800 BTC in July. Tether’s attestation reports showed holdings dropping from 92,650 BTC in Q1 to 83,274 BTC in Q2. Once the 19,800 BTC transfer is accounted for, data indicates Tether’s net Bitcoin holdings actually increased by at least 10,424 BTC during this period.</p>
<div class="embedpress-gutenberg-wrapper aligncenter   ep-content-protection-disabled inline" id="604a67bb-5ed2-4ea6-aa3b-44e1c3d9421c">
 <div class="wp-block-embed__wrapper   ">
  <div id="ep-gutenberg-content-f4cc79a62f3f33b5add13ced1040f22d" class="ep-gutenberg-content">
   <div>
    <div class="ep-embed-content-wraper  insta-grid  ">
     <div class="ose-twitter ose-uid-056cf28c67529769611cc9601c6ea336 ose-embedpress-responsive" style="width: 100%; height:600px; max-height:600px; max-width:100%; display:inline-block;">
      <blockquote class="twitter-tweet">
       <p>Tether Group is moving 14000 BTC to address bc1q8qpfmpf6hcu3tgfvp8dgtf534rws8uhsl9vtk6p2f3r2gnqdz5sqxmty6q as part of its investment in Twenty One Capital (XXI)<a href="https://t.co/vVRO8y8JQr" rel="noopener noreferrer nofollow">https://t.co/vVRO8y8JQr</a></p>— Paolo Ardoino 🤖 (@paoloardoino) <a href="https://twitter.com/paoloardoino/status/1929613091337101731?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 2, 2025</a>
      </blockquote>
     </div>
    </div>
   </div>
  </div>
 </div>
</div>
<p>In his post on X, Ardoino reaffirmed the company’s long-term investment strategy, which involves allocating profits into assets like “Bitcoin, gold, and land.” The market reaction to the clarification was minimal, with BTC showing a slight 0.75% increase, while USDT remained stable.</p>
<div class="embedpress-gutenberg-wrapper aligncenter   ep-content-protection-disabled inline" id="497af921-996d-44e8-96a9-c5045b8aa15c">
 <div class="wp-block-embed__wrapper   ">
  <div id="ep-gutenberg-content-636dd865feeb8804317fd339f5be5d99" class="ep-gutenberg-content">
   <div>
    <div class="ep-embed-content-wraper  insta-grid  ">
     <div class="ose-twitter ose-uid-ae236cefabcfef601b65f1266c44577e ose-embedpress-responsive" style="width: 100%; height:600px; max-height:600px; max-width:100%; display:inline-block;">
      <blockquote class="twitter-tweet">
       <p>Correct. <br>Tether didn't sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI.<br><br>While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land. <br><br>Tether is the Stable Company. <a href="https://t.co/4KxdeNEsOE" rel="noopener noreferrer nofollow">https://t.co/4KxdeNEsOE</a></p>— Paolo Ardoino 🤖 (@paoloardoino) <a href="https://twitter.com/paoloardoino/status/1964655589298225416?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 7, 2025</a>
      </blockquote>
     </div>
    </div>
   </div>
  </div>
 </div>
</div>
<p>This clarification is significant as Tether is one of the largest corporate holders of Bitcoin. By denying the rumors in public and giving a clear reason for the movement of funds, Tether’s leaders have helped keep the market from being too uncertain and reaffirmed the company’s dedication to its Bitcoin accumulation strategy. The event also shows how important it is to carefully read on-chain data and financial records from companies so that false information doesn’t spread.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/09/05/tether-eyes-gold-mining-investment-to-boost-bullion-exposure/" target="_blank" rel="noopener noreferrer nofollow">Tether Eyes Gold Mining Investment to Boost Bullion Exposure</a></p>
</blockquote>

Tether CEO Paolo Ardoino Denies Selling Bitcoin Amid Rumors

Table of Contents

The Crypto Times

Other articles published on Sep 8, 2025

Join our free newsletter for daily crypto updates!