{"id":46404,"date":"2025-09-08T19:46:41","date_gmt":"2025-09-08T19:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46404"},"modified":"2025-09-08T19:46:41","modified_gmt":"2025-09-08T19:46:41","slug":"tethers-bitcoin-holdings-actually-up-ceo-debunks-btc-dumping-claims","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46404","title":{"rendered":"Tether\u2019s Bitcoin Holdings Actually Up, CEO Debunks BTC Dumping Claims"},"content":{"rendered":"
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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.<\/p>\n

Citing the company\u2019s 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 this was evidence that the firm was dumping Bitcoin in favor of gold, which led to speculation that the world\u2019s largest stablecoin issuer was losing confidence in BTC.<\/p>\n

Transfers Mistaken for Sell-Off<\/h2>\n

Online chatter around the claim surged, drawing reactions from prominent figures in the crypto industry. Long-time BTC advocate and Jan3 CEO Samson Mow stepped<\/a> in to correct the narrative and pointed out that Thompson\u2019s analysis overlooked a crucial detail.<\/p>\n

According to Mow, Tether\u2019s Bitcoin holdings indeed appeared lower in its Q2 2025 attestation report, 83,274 BTC compared to 92,650 BTC in Q1, but this drop was due to transfers made to Tether\u2019s affiliated entity XXI rather than sales. Specifically, 14,000 BTC was moved to XXI on June 2, followed by another 5,800 BTC in July.<\/p>\n

Factoring these transfers in, Mow explained that the company\u2019s net holdings actually increased by over 10,000 BTC across Q2 and July combined. He dismissed the claims of a sell-off as an example of the market\u2019s hunger for bearish Bitcoin narratives, adding that Tether remains \u201cmega bullish\u201d on the asset.<\/p>\n

Tether CEO Paolo Ardoino also confirmed<\/a> Mow\u2019s clarification and stated that the firm had not sold any Bitcoin but had simply allocated part of its reserves to XXI. Ardoino reiterated that while the stablecoin issuer continues to diversify profits into assets like Bitcoin, gold, and land, its commitment to BTC remains unshaken.<\/p>\n

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\u201cWhile the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold, and Land.\u201d<\/p>\n<\/blockquote>\n

Bitcoin Gains Push Tether\u2019s Q2 Profit<\/h2>\n

Owing to Bitcoin\u2019s rally, Tether reported<\/a> a strong second quarter after posting $4.9 billion in profit. This figure was a staggering 277% increase compared to the same period last year. The quarter pushed its year-to-date revenue to $5.7 billion, with $3.1 billion coming from recurring operations and another $2.6 billion driven by gains on its Bitcoin and gold holdings.<\/p>\n

The company also demonstrated solid financial health, as it disclosed reserves of $162.5 billion against $157 billion in liabilities as of June 30, 2025, reflecting a comfortable surplus.<\/p>\n

The post Tether\u2019s Bitcoin Holdings Actually Up, CEO Debunks BTC Dumping Claims<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\u2019s statements of assets, Thompson alleged that the firm had sold over $1 billion worth of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46404","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46404"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46404\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}