Tether's CEO, Paolo Ardoino, has dismissed rumors suggesting that the stablecoin issuer is selling its Bitcoin to invest in gold. In a recent post on X, he clarified that Tether has not sold any Bitcoin and continues to allocate profits into various assets, including Bitcoin, gold, and land. This statement was prompted by YouTuber Clive Thompson, who claimed Tether's Bitcoin holdings decreased from 92,650 BTC in Q1 to 83,274 BTC in Q2, indicating a sell-off. However, Jan3 CEO Samson Mow clarified that Tether transferred 19,800 BTC to a project called Twenty One Capital during this time, which included significant transfers in June and July. Mow noted that if these transfers were considered, Tether would have actually increased its Bitcoin holdings. Ardoino reiterated that the Bitcoin was moved, not sold, emphasizing Tether's commitment to investing in safe assets. Currently, Tether holds over 100,521 BTC, valued at approximately $11.17 billion. Read more AI-generated news on: https://app.chaingpt.org/news

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