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 12:01:49
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."
Analysis: The August market slowdown trend may continue in the short term, even as the market anticipates the Fed will cut interest rates in SeptemberAnalyst: Bitcoin is in a consolidation phase, slightly biased towards a bullish outlook
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