Tether CEO Paolo Ardoino has removed suggestions that the Stablecoin Company has been offloading Bitcoin handles to buy gold.
Ardoino said Tether, provided the largest stablecoin USDT in the world, “does not sell any bitcoin,” In an X post on Sunday.
The Tether CEO responded to suggestions from YouTuber Clive Thompson that the testimony data of the secoind quarter of the company’s reserves showed a collapse from 92,650 BTC in the first quarter to 83,274.
Samson Mow, CEO of Bitcoin Technology Company Jan3, responded to Thompson’s post, pointing out that Tether had sent nearly 20,000 BTC to the Bitcoin Treasury Company Twenty -one capital (Xxi)which tether is a majority of the shareholder.
“Right,” Ardoino said in response to Mow’s post. “As Samson said below, (Tether) contributed a part of its stash to XXI.”
“As the world continues to become darker, Tether will continue to invest part of its income in safe ownership such as Bitcoin, Gold and Land,” Ardoino added.
Tether holds a $ 8.7 billion worth of gold bars and has been a reported plan of this Invest in mining precious metal.
