Tether CEO Denies Selling Bitcoin, Says BTC Allocated to XXI Project and Gold Investments

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On September 7, COINOTAG News published a statement from Paolo Ardoino, Tether’s CEO, who confirmed on X that Tether has not sold any Bitcoin and has reallocated a portion of its Bitcoin reserves to the XXI project.

Ardoino indicated the company will continue allocating a portion of its profits into secure, diversified holdings such as Bitcoin, gold and land, framing these moves as part of disciplined reserve management.

Tether described itself as a stable company, emphasizing prudent asset allocation to support liquidity and mitigate concentration risk while maintaining transparency for stakeholders.

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Source: https://en.coinotag.com/breakingnews/tether-ceo-denies-selling-bitcoin-says-btc-allocated-to-xxi-project-and-gold-investments/