The CEO of Tether, Paolo Ardoino, rejected suggestions that the Stablecoin company unloaded its Bitcoin holders in order to buy gold.
Ardoino said Tether, transmitter of the largest USDT in Stablecoin in the world, “sold no bitcoin”, in an article on X on Sunday.
The CEO of Tether responded to the suggestions of Youtuber Clive Thompson according to which the data of attestation of the SEOIND quarter of the company showed a drop of 92,650 BTC in the first quarter to 83,274.
Samson Mow, CEO of Bitcoin Technology Company Jan3, responded to Thompson’s position, stressing that Tether had sent nearly 20,000 BTCOIN Treasury Company Twenty One Capital BTC (XXI)of which Tether is a majority shareholder.
“Correct,” said Ardoino in response to the MOW position. “As Samson says below, [Tether] contributed part of his hiding place in XXI. “”
“While the world continues to become darker, Tether will continue to invest part of its profits in safe assets such as Bitcoin, Gold and Earth,” added Ardoino.
Tether already has $ 8.7 billion in gold bars and it has been reported that it was planning to invest in the exploitation of precious metal.
