Tether CEO Paolo Ardoino has rejected proposals that the StableCoin company has read its Bitcoin stocks to buy gold.
Ardoino said Tether, issuer of the world’s largest stableecoin Usdt, “didn’t sell any Bitcoin,” in a post on X on Sunday.
Tether CEO responded to suggestions from YouTuber Clive Thompson that Secoind -quartal’s attestation data for the company’s reserves showed a decrease from 92,650 BTC in the first quarter to 83,274.
Samson Mow, CEO of Bitcoin Technology Company Jan3, replied to Thompson’s post and pointed out that Tether had sent nearly 20,000 BTC to Bitcoin Treasury Company Twenty One Capital (Xxi)of which Tether is a majority shareholder.
“Correct,” Ardoino said in response to Mow’s post. “As Samson says below, [Tether] contributed part of its stash to XXI. “
“While the world continues to darken, Tether will continue to invest part of his profits in safe assets such as Bitcoin, Gold and Earth,” Ardoino added.
Tether already owns $ 8.7 billion gold rods, and it is reported that it plans to invest in mining of precious metal.
