Key Takeaways

Tether has confirmed it has not reduced its commitment to Bitcoin. The stablecoin issuer currently holds over 100,521 BTC with $8.7 billion worth of physical gold reserves.

Rumors are swirling in the crypto community that Tether may be shifting its strategy by selling off Bitcoin [BTC] in favor of gold.

The speculation, sparked by YouTuber Clive Thompson, who pointed to a noticeable decline in the stablecoin issuer’s BTC reserves from 92,650 BTC in Q1 2025 to 83,274 BTC by the end of Q2.

This has fueled theories that Tether is reallocating its holdings into the precious metal, a move that could signal a broader diversification strategy.

Tether’s CEO and Jan3 CEO dismisses rumors

However, Tether CEO Paolo Ardoino dismissed the rumors in a post on X and stated,

“Correct.  Tether didn’t sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI. While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land. Tether is the Stable Company.”

Jan3 CEO Samson Mow further pushed back against the gold-buying speculation, explaining that the decline in Tether’s reported Bitcoin reserves stemmed from transfers to Twenty One Capital (XXI), not sales.

He pointed out that Tether moved a total of 19,800 BTC to XXI during June and July: 14,000 BTC in June and another 5,800 BTC the following month.

Mow explained, 

“So that means at the end of Q2 2025, Tether would have had 4,624 BTC more than at the end of Q1 2025. If you combined it with the July transfer then Tether has (at least) a net increase in Bitcoin holdings of 10,424 BTC

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Author: Ishika Kumari