Recent speculation regarding Tether’s potential sale of Bitcoin holdings has been addressed by the firm’s CEO, Paolo Ardoino. Ardoino refuted claims about a sell-off, affirming that Tether maintained its Bitcoin reserves and allocated profits into various assets, including gold and land. Rumors emerged from YouTuber Clive Thompson, who cited a drop in Tether’s reported BTC holdings from 92,650 to 83,274 in Q1 and Q2 respectively. However, industry figures clarified these as transfers rather than disposals. Analyzing Tether’s activity, Samson Mow, CEO of Jan3, revealed that the company transferred a substantial amount of Bitcoin to its affiliated entity Twenty One Capital (XXI) during Q2. This included both June and July transfers, totaling approximately 19,800 BTC, with an increase in holdings by over 4,600 BTC from Q1 to Q2. Tether also moved a total of 37,000 BTC worth around $3.9 billion to XXI. 19,800 BTC was transferred between June and July, followed by the significant transfer of $3.9 billion in July. This suggests that the transfers were not related to selling Bitcoin, but rather a reallocation strategy. Tether’s Bitcoin holdings remain strong at over 100,521 BTC, worth nearly $11.2 billion at current prices. While gold and Bitcoin have different roles within Tether’s investment strategy, the company continues to explore opportunities in this space, especially with the recent decision of El Salvador to add a significant amount of gold to its foreign reserves. For investors, this signifies a focus on diversification as well as the impact of Tether’s decisions on broader market trends. Tether remains active in diversifying its holdings, investing profits into assets like gold and land, while its role as the largest stablecoin issuer makes it a critical player to watch.