Yigit Taha OZTURK 
Rumors can often stir strong reactions in the crypto markets, and the latest speculation around Tether’s Bitcoin holdings was no exception. However, the stablecoin issuer’s leadership has moved quickly to clarify the situation.
“We Didn’t Sell Any Bitcoin”
Tether CEO Paolo Ardoino stated on Sunday that the company had not sold any of its Bitcoin holdings. Instead, Tether continues to allocate profits into Bitcoin, gold, and land acquisitions. His statement directly countered claims made by YouTuber Clive Thompson, who cited a decline in Tether’s BTC reserves from 92,650 to 83,274 between Q1 and Q2 2025.
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Jan3 CEO Samson Mow debunked this theory, explaining that the shift was due to a transfer of 19,800 BTC to Twenty One Capital (XXI), not a sell-off.
Transfers to XXI Explained
According to Mow, Tether moved 14,000 BTC in June and 5,800 BTC in July to support XXI, a Bitcoin-native financial platform. If those transfers are included, Tether’s overall Bitcoin position actually increased. Ardoino reaffirmed this, emphasizing that the BTC was “moved, not sold.”
Currently, Tether holds more than 100,521 Bitcoin, worth approximately $11.17 billion, according to BitcoinTreasuries.NET.
El Salvador Boosts Gold Reserves
Meanwhile, El Salvador made headlines with a separate reserve diversification strategy. The country added 13,999 ounces of gold, worth $50 million, marking its first gold purchase since 1990. Previously, El Salvador built a Bitcoin reserve of 6,292 BTC, though no new BTC purchases have been reported since February.
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