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Tether CEO Paolo Ardoino has publicly refuted claims that the company sold Bitcoin to invest in gold. The rumors originated from a YouTube analysis suggesting Tether dumped over $1 billion in BTC. Industry experts have since debunked these claims using public data and transaction records.
- Tether transferred 19,800 BTC to Twenty One Capital in June and July, explaining the apparent reduction in holdings
- The company actually increased its Bitcoin position by 10,424 BTC when accounting for these transfers
- Tether maintains gold investments through separate initiatives including gold-backed stablecoin XAUT and mining company stakes
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