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Tether News: Paolo Ardoino Dismisses Suggestions Tether Sold BTC to Buy Gold
20 Articles
20 Articles
Tether News: Paolo Ardoino Dismisses Suggestions Tether Sold BTC to Buy Gold
Tether CEO Paolo Ardoino has dismissed suggestions that the stablecoin company has been offloading its bitcoin holdings in order to buy gold.Ardoino said Tether, issuer of the world's largest stablecoin USDT, "didn't sell any bitcoin," in a post on X on Sunday. The Tether CEO was responding to suggestions from YouTuber Clive Thompson that the secoind quarter attestation data of the company's reserves showed a drop from 92,650 BTC in the first qu…
Tether CEO Confirms No Bitcoin Sell-off, Explains 19,800 BTC Transfer to XXI
TLDR Tether CEO Paolo Ardoino denied rumors that the company sold Bitcoin to buy gold Tether transferred 19,800 BTC to Twenty One Capital (XXI), not sold it The company continues investing profits in “Bitcoin, gold, and land” Tether holds over 100,521 BTC worth approximately $11.17 billion Tether has been increasing investments in gold-related companies with $190 million spent on gold royalties firms Tether, the company behind the world’s large…
The disappearance of a few thousand bitcoins from a balance sheet is enough to fuel controversy. This weekend, the USDT issuer found itself in the center of a media whirlwind: would he have secretly sold his BTC? Some have seen a strategic turn. However, behind the seemingly worrying figures, another reality is emerging, much more nuanced, and above all, revealing the discreet movements of a giant of cryptic finance. L-article Tether denies havi…
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