Amid swirling speculation within the crypto community, stablecoin issuer Tether has unequivocally addressed rumors concerning its commitment to Bitcoin. Recent observations of a decline in its reported Bitcoin reserves sparked theories of a strategic shift towards gold, prompting the company to clarify its long-term asset accumulation strategy and reaffirm its bullish stance on BTC.
The Bitcoin Position Clarified
Speculation gained traction following a report by YouTuber Clive Thompson, which highlighted a noticeable decrease in Tether's reported Bitcoin holdings from 92,650 BTC in Q1 2025 to 83,274 BTC by the end of Q2. This perceived reduction fueled theories that Tether was actively selling Bitcoin to diversify into gold, signaling a potential change in its investment philosophy. However, both Tether CEO Paolo Ardoino and Jan3 CEO Samson Mow swiftly dismissed these claims. Mow elucidated that the apparent decline was not due to sales but rather strategic transfers of Bitcoin to Twenty One Capital (XXI). He specified transfers of 14,000 BTC in June and an additional 5,800 BTC in July. When these transfers are accounted for, Tether's actual Bitcoin holdings saw a net increase, demonstrating the company's sustained and growing commitment to the premier cryptocurrency. Tether’s CEO further reinforced this, stating the company continues to invest a portion of its profits into safe assets like Bitcoin, gold, and land, solidifying its position as a "Stable Company."
Diversification and Long-Term Vision
Beyond merely dispelling rumors, Tether has underscored its expanding multi-asset strategy, designed to build a robust financial fortress. The company currently boasts a significant Bitcoin treasury, holding over 100,521 BTC, valued at approximately $11.17 billion. Complementing this, Tether has amassed around $8.7 billion worth of physical gold reserves, securely stored in Swiss vaults, indicating a deliberate move to include hard assets alongside its crypto holdings. Tether's gold ambitions extend further, with the company venturing into the gold mining supply chain and its gold-backed token, XAUT, surpassing $1.3 billion in market capitalization. This comprehensive approach, encompassing substantial Bitcoin reserves, growing gold holdings, and strategic expansion into related industries, signals Tether's intent to diversify and fortify its asset base against global financial volatility, rather than abandon any core commitment to Bitcoin.
