Key Revelations
In a twist most unexpected even for the jaded denizens of the crypto marketplace, Tether has gleefully proclaimed its unwavering allegiance to Bitcoin. Indeed, this stalwart issuer currently clutches a delightful trove of over 100,521 BTC, plus a shiny $8.7 billion worth of gold stashed away like treasures of yore in the heart of Switzerland.
Yet, oh dear readers, tales of a nefarious plot brew like a rancid stew! Whispers echo in the hallowed halls of the interwebs that Tether might, just might, unravel its Bitcoin holdings in exchange for the glimmering allure of gold. How does one even begin to process such audacious chicanery? 🤔
This audacity was sparked by none other than the illustrious YouTuber Clive Thompson, who fancied himself an oracle. He pointed to a dip in Tether’s BTC reserves, which haphazardly plummeted from 92,650 BTC in the misty realms of Q1 2025 to a paltry 83,274 BTC by the close of Q2. Can this truly be? Has Tether succumbed to the siren song of gold? 🏆
Tether’s Commanders Declare: Rumors Are Nonsense!
The fearless Tether CEO, Paolo Ardoino, swiftly dismantled these wild allegations with the flair of a seasoned thespian. In his thrilling missive on the platform formerly known as Twitter, he asserted,
“Correct. Tether didn’t sell any Bitcoin. As our dear Samson elucidates below, we simply lent a portion of our bounty to XXI. While shadows lengthen across the global landscape, Tether shall continue its noble quest, investing our spoils into safe havens like Bitcoin, Gold, and Land. Tether is indeed the Unsinkable Ship!”
Our gallant ally, Jan3 CEO Samson Mow, further debunked the golden rumors. He elaborated that Tether’s reported decline in Bitcoin hoard was merely a jocular twist of fate-a transfer to Twenty One Capital, and not a fire sale, as the gossips suggest.
With a flourish, he revealed that Tether had actually shipped 19,800 BTC to XXI during the balmy months of June and July-14,000 BTC in June, and a modest 5,800 BTC the next month, akin to sending out invitations to a grand ball!
He solemnly declared,
“Thus, at the dimming of Q2 2025, Tether would boast 4,624 BTC more than at the end of Q1. Indeed, following the July transfer, our brave Tether emerges with a net increase of 10,424 BTC-a true phoenix rising from the ashes.”
“Ah, how desperate our comrades are for gloomy Bitcoin news!” he added with a sly wink. “Oh, but Tether remains an unyielding optimist, bullish beyond compare!” 😂
Tether’s Devotion to Bitcoin Stays Strong
Amidst this swirling tempest of rumor and speculation, Tether unwaveringly reaffirms its undying love for Bitcoin even as it cautiously embraces the golden glow of diversification.
According to the grand archives of BitcoinTreasuries.NET, Tether currently cradles over 100,521 BTC, worth a stupendous $11.17 billion-a veritable treasure chest! 💰
Furthermore, it retains a regal $8.7 billion worth of glittering gold reserves, like a dragon hoarding its jewels, signaling a burgeoning interest in hard assets that extend beyond the digital realm.
Tether Takes a Golden Leap
Seizing ambition as only a true enterprise can, Tether has stretched its cunning claws into the gold mining supply chain, raising eyebrows (and perhaps a few hackles) among the venerable guardians of tradition.
The advent of Tether’s gold-backed token, XAUT, has caused quite the ripple, as it surges past $1.3 billion in market capitalization, crashing the gates of the top 100 in the cryptosphere. 🚀
But hold on to your hats-there’s more to this tale! Tether is also sharpening its strategy stateside, all thanks to the GENIUS Act.
On the promising date of August 19th, the company welcomed Robert “Bo” Hines as the Strategic Advisor for Digital Assets and U.S. strategy, a title that sounds both important and mildly amusing.
And thus, while the whispers of Tether abandoning Bitcoin swirl about like leaves in the brisk autumn air, the unmistakable truth appears. The company’s expanding gold reserves, burgeoning token ecosystem, and renewed regulatory focus suggest a master plan, meticulously crafted-to build a bastion of assets resilient enough to weather the incessant storms of global finance.
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2025-09-08 12:51