Overview

• Tether CEO Paolo Ardoino said the company "didn't sell any Bitcoin," pushing back on viral claims it sold BTC to buy gold.
• Industry figures clarified that 14,000 BTC was moved to Twenty One Capital (XXI) in June and another 5,800 BTC in July, explaining the apparent Q2 drop in attestations.
• Public trackers show Tether controls more than 100,521 BTC worth roughly $11 billion, underscoring its ongoing accumulation strategy.
• Ardoino shared that Tether added about 27,700 BTC over the past year, with around 7,900 BTC going to USDT reserves and 19,800 BTC allocated to XXI.
• Tether reports about $8.7 billion in physical gold and has invested in Elemental Altus Royalties, with further gold supply‑chain deals reported as under consideration by outside media.