Paolo Ardoino, the CEO of Tether, has recently clarified some crucial claims about the company’s alleged Bitcoin ($BTC) sell-offs to buy gold. Paolo Ardoino has refuted these claims outright, denying the firm’s shift toward precious metals. This clarification comes after the widespread speculation about Tether’s potential $BTC offloading for the acquisition of gold. He also reaffirmed that the platform is strongly committed to making continuous investments in Bitcoin ($BTC), land, and reinvesting profits to fortify the balance sheet.
Correct.
Tether didn’t sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI.While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land.
Tether is the Stable Company. https://t.co/4KxdeNEsOE
— Paolo Ardoino 🤖 (@paoloardoino) September 7, 2025
Tether Denies Allegations of Selling Bitcoin to Buy Gold
Tether CEO has denied the allegations of having sold Bitcoin ($BTC) to purchase gold. This was a response to the claims made by Clive Thompson, an expert wealth manager. He reportedly claimed that the drop in the Bitcoin ($BTC) holdings of Tether indicates sell-offs for gold buyouts. However, Paolo Ardoino refuted such claims, saying that the decrease in $BTC holdings resulted from Tether’s support for the XXI initiative rather than due to sales.
Samson Mow, a well-known Bitcoin ($BTC) proponent, also discussed this development. He mentioned that the reports regarding the respective sell-offs were completely inaccurate. He added that the perceived decrease in Tether’s Bitcoin holdings occurred because of the allocation of up to 19,800 $BTC for XXI initiative during this year’s 2nd and 3rd quarters. Additionally, the inclusion of these strangers highlights an actual increase in the cumulative Bitcoin holdings of Tether.
Apart from that, Mow condemned those who spread misinformation, saying that Tether is bullish on the leading crypto asset in line with the long-term outlook. Additionally, he added that the historical data signifies the continuous expansion of its broader crypto portfolio instead of diminishing it. Thus, as per him, the transparency of Tether serves as a key indication of the market stability.
On-Chain Data Validates Tether’s Robust Bitcoin Outlook
The on-chain data also backs this outlook, showing robust $USDT volume as well as a bullish stance on the price action of Bitcoin ($BTC). Hence, despite the top crypto asset’s march toward overbought conditions, the company firmly believes in its long-term potential. Hence, this strategy and the continued rise in Tether’s $BTC holdings place it among the top players fueling long-term confidence in the broader digital asset ecosystem.