Tether News: Paolo Ardoino Dismisses Suggestions Tether Sold BTC to Buy Gold

Tether News: Paolo Ardoino Dismisses Suggestions Tether Sold BTC to Buy Gold

Tether CEO Paolo Ardoino has dismissed suggestions that the stablecoin company has been offloading its bitcoin holdings in order to buy gold.Ardoino said Tether, issuer of the world's largest stablecoin USDT, "didn't sell any bitcoin," in a post on X on Sunday. The Tether CEO was responding to suggestions from YouTuber Clive Thompson that the secoind quarter attestation data of the company's reserves showed a drop from 92,650 BTC in the first qu…

Tether Denies Bitcoin Sell-Off Rumors, Confirms Buying BTC, Gold, Land

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Tether's Bitcoin Holdings Actually Up, CEO Debunks BTC Dumping Claims

Tether CEO Paolo Ardoino has publicly addressed and dismissed circulating claims that the firm sold Bitcoin for gold. The controversy erupted on September 6, after YouTuber Clive Thompson suggested that Tether had quietly altered its investment strategy. Citing the company’s statements of assets, Thompson alleged that the firm had sold over $1 billion worth of Bitcoin while acquiring $1.6 billion in gold during the last quarter. He suggested thi…

Is Tether Dumping Its Massive Bitcoin Holdings? CEO Shares The Truth

Paolo Ardoino, CEO of Tether, has dismissed talk of a Bitcoin sell-off, making it clear that the company continues to direct part of its profits into Bitcoin, gold, and even land. His comments come in the wake of speculation that the stablecoin giant had reduced its exposure to BTC in order to accumulate more gold.  The rumors of Tether’s Bitcoin sell-offs gained traction after quarterly reports showed a decline in its Bitcoin reserves, but both…

Ardoino: “Bitcoin Moved, Not Sold” as Tether Holds 100,521 BTC, Plans Bigger Gold Reserve News ETHNews

BDO attestations misread by Clive Thompson; Samson Mow supports clarification that bitcoin moved, not sold, reinforcing treasury continuity. Holdings exceed 100,521 BTC; Tether explores increasing gold reserves toward $5 billion through discussions with mining partners globally. Paolo Ardoino, CEO of Tether, rejected rumors that the issuer of USDT sold bitcoin from its treasury. He stated that the firm will continue to allocate part of its profi…

Tether CEO Dismisses Claims of Bitcoin Liquidation for Gold

Tether CEO Paolo Ardoino has dismissed reports claiming the stablecoin issuer sold off part of its Bitcoin reserves to purchase gold.