Tether denies having sold his bitcoins and confirms also invest in gold and land

The disappearance of a few thousand bitcoins of a balance sheet is enough to fuel controversies. This weekend, the USDT transmitter found itself in the center of a media whirlwind: would it have secretly sold its BTC? Some have seen a strategic turn there. However, behind the apparently disturbing figures, another reality is emerging, much more nuanced, and above all, revealing the discreet movements of a giant of Crypto finance.

The transfer that has fueled confusion

The case broke out following a publication by the Youtuber Clive Thompson, who alerts a significant drop in Bitcoin reserves from Tether between the first and second quarters of the year, while the company is preparing historical diversification with gold.

Based on BDO certificate reports, he finding that the company went from 92650 BTC in T1 to 83274 BTC in T2, an apparent decrease of 9376 BTC. For him, there is no doubt: Tether would have sold part of his assets in Bitcoin, possibly to strengthen his position in gold.

Interpretation spreads, nourishing concerns in a market where each movement of whales is closely monitored. In response to this speculation, Paolo Ardoino, CEO of Tether, clarifies the situation via a post on X: “We have not sold any bitcoin”saying that the company has not shown any BTC.

The data provided by Samson Mow, CEO of Jan3, makes it possible to contextualize the figures. The latter explains that the BTC supposedly “Missing” were not sold, but transferred to a separate entity, Twenty One Capital (XXI), supported by Tether.

In reality, the company has produced a series of transactions over the period, including:

• 14,000 BTC transferred in June to XXI;
• 5800 additional BTC sent in July to the same entity;
• A total of 19800 BTC moved to strategic purposes;
• Which, according to Mow, would have brought the net assets of Tether to 4,624 BTC more than those recorded at the end of the T1, if we integrate these transfers in the accounts.

Clearly, the official assessment does not reflect a sale, but a change in accounting structure. Tether still holds bitcoins, or at least keeps control via a related initiative, and no outing movement to the markets has been detected.

A assumed diversification: between gold, land and bitcoin ecosystem

If Paolo Ardoino firmly denied the sale of BTC, he did not hide the expansion of Tether's investment strategy. In the same post on X, he reaffirms the company's commitment to invest “part of its profits in safe assetsAmong which he explicitly quotes bitcoin, gold and land.

This declaration confirms that the diversification of the portfolio is now an official pillar of TETH's strategy, beyond the simple BTC accumulation. The firm is therefore not content to store cryptos, it seeks to build a base of tangible active ingredients, in a defensive logic in front of a world that Andoino describes as “darker».

The transfer of 37,000 BTC to Twenty One Capital, estimated at around $ 3.9 billion, testifies to Tether's desire to support Bitcoin infrastructure, but also by its ability to control an active and targeted investment policy.

This choice to allocate funds to XXI, a platform led by Jack Mallers, founder of Strike, is integrated into an integrated ecosystem logic, indirectly strengthening the sovereignty of the Bitcoin network in emerging financial architecture. At the same time, diversification towards traditional assets such as gold or agricultural lands reveal a form of prudence, even strategic coverage.

This approach could redefine the role of Tether within the digital economy. By adopting a hybrid investor profile with important reserves in bitcoins and gold, the company offers reinforced resilience. It could also inspire other players to adopt similar strategies in the face of economic and regulatory uncertainties. However, this transformation challenges governance, transparency and accounting readability, as demonstrated by this recent controversy.