Reinvest profits in BTC, gold, and land.
);)
On the 8th, Tether CEO stated through the official X channel, "We did not sell Bitcoin," and "Amidst continued uncertainty in the global economy, Tether will continue to invest a portion of its profits in safe assets such as Bitcoin, gold, and land."
This statement is a rebuttal to YouTuber Clive Thompson's claim that Tether's Bitcoin holdings fell from 92,650 to 83,274 after analyzing proof data from Q1-Q2 2025.
Samson Mow, CTO of Blockstream, explained that Tether transferred 19,800 Bitcoins through its "Twenty One Capital (XXI)" initiative during Q2. Specifically, 14,000 were transferred in June and 5,800 in July, suggesting that Tether's actual holdings may have actually increased.
In early June, Tether transferred 37,000 Bitcoins, worth approximately $3.9 billion (KRW 5.4276 trillion), to support XXI, a Bitcoin-native financial platform led by Strike CEO Jack Mallers. Taking this asset transfer into account, Tether's Bitcoin holdings at the end of Q2 are estimated to have increased by 4,624 Bitcoins compared to the end of Q1.
Tether currently holds 100,521 Bitcoins, worth approximately $11.17 billion (KRW 15.5475 trillion), making it the largest holder of Bitcoin among stablecoin issuers.
Meanwhile, rumors of the sale surfaced after news broke that El Salvador had added $50 million (KRW 69.595 billion) worth of gold to its foreign reserves for the first time since 1990. However, El Salvador's central bank explained this as part of an asset diversification strategy aimed at reducing its dependence on the US dollar.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
