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Tether CEO: Has Not Sold BTC, Will Continue to Invest Part of Profits in Bitcoin, Gold, Land, and Other Safe Assets

By: theblockbeats.news|2025/09/07 12:22:31

BlockBeats News, September 7th, Tether CEO Paolo Ardoino responded to the statement "Tether is selling Bitcoin in exchange for gold" on the X platform, saying: "Tether has not sold any Bitcoin, but has instead allocated a portion of its Bitcoin reserves to the XXI project. Tether will continue to invest a portion of its profits in secure assets such as Bitcoin, gold, and land. Tether is a stable company."

Analyst: Bitcoin is in a consolidation phase, slightly biased towards a bullish outlook

Analysis: The August market slowdown trend may continue in the short term, even as the market anticipates the Fed will cut interest rates in September