Tether’s Bitcoin Holdings actually up, CEO Debunks BTC Dumping Claims

Tether CEO Paolo Ardoino has made public and rejected the circulating claims that the company has sold Bitcoin for gold. The controversy broke out on September 6, after YouTuber Clive Thompson suggested that Tether had quietly changed his investment strategy.

With reference to the company’s capital statements, Thompson claimed that the company had sold more than $ 1 billion in Bitcoin in the last quarter while bought $ 1.6 billion in gold. He suggested that this was proof that the company dumped Bitcoin in favor of gold, which led to speculation that the world’s largest stablecoin emittent lost confidence in BTC.

Transfers wrong for sale

Online chatter around the claim rose and attracted reactions from prominent figures in the crypto industry. For a long time BTC Advocate and Jan3 CEO Samson Mow stimulated In to correct the story and to point out that the analysis of Thompson overlooked a crucial detail.

According to MOW, Tether’s Bitcoin Holdings did indeed seem lower in its Q2 2025 Certstation Report, 83,274 BTC compared to 92,650 BTC in Q1, but this decrease was due to transfers that have been applied to the connected entity XXI instead of the sale. In particular, 14,000 BTC was moved to XXI on 2 June, followed by another 5,800 BTC in July.

Invoicing of these transfers, MOW explained that the company’s net companies have actually increased by more than 10,000 BTC in Q2 and July. He rejected the claims of a sale as an example of the hunger of the market to Bitcoin stories, and added that Tether “Mega Bullish” remains active.

Tether CEO Paolo Ardoino too confirmed The clarification of MOW and stated that the company had not sold Bitcoin but had simply assigned part of its reserves to XXI. Ardoino repeated that although the stablecoin emittent continues to diversify in assets such as Bitcoin, Gold and Land, her dedication to BTC is not shocked.

“While the world keeps getting darker, Tether will continue to invest part of its profit in safe assets such as Bitcoin, Gold and Land.”

Bitcoin profit push Tether’s Q2 profit

Due to the Bitcoin rally, Tether reported a strong second quarter after placing $ 4.9 billion profit. This figure was a stunning increase of 277% compared to the same period last year. The quarter pushed its turnover on an annual basis to $ 5.7 billion, with $ 3.1 billion from recurring activities and another $ 2.6 billion powered by profits on his Bitcoin and Gold Holdings.

The company also showed solid financial health, because the reserves of $ 162.5 billion against $ 157 billion in obligations on 30 June 2025 has shown, which reflects a comfortable surplus.