🤑 Tether’s Golden Bitcoin Swap: Fact or Fiction? 🤑

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Ah, the whispers of the crypto bazaar! This week, the air grew thick with tales of Tether, the grand maestro of stablecoins, allegedly bartering its Bitcoin treasures for the gleam of gold. A YouTuber, with the zeal of a modern-day Cassandra, proclaimed that Tether’s quarterly scrolls revealed a precipitous plunge in its Bitcoin hoard. Yet, the high priests of Tether, alongside the oracles of the industry, wave their hands in dismissal: “Nonsense!” they cry. 🌪️

The Rumor Mill: A Carnival of Speculation

The tempest began with Clive Thompson, a digital bard of YouTube, who pored over the sacred texts of Tether’s auditor, BDO. He declared that Tether’s Bitcoin coffers had shrunk between the first and second moons of 2025. Behold the numbers, etched in stone:

  • Q1 2025 (March 31): 92,650 BTC 🪙
  • Q2 2025 (June 30): 83,274 BTC 🪙

On parchment, it appeared as a grand sell-off of 9,000 BTC. Thompson, with a wink and a nudge, suggested the missing coins had been traded for the lustrous embrace of gold. 🏆

But lo! Samson Mow, the CEO of Jan3, emerged from the shadows to smite this heresy. On the platform of X, he proclaimed that the drop had been misread, and Tether’s Bitcoin remained untouched. 🛡️

What Really Happened: A Tale of Transfers

According to Mow, the decline was but a mirage, for Tether had merely shifted 19,800 BTC into its XXI initiative, a vault for long-term investments. Witness the ledger:

  • June 2, 2025: 14,000 BTC marched into XXI 🏰
  • July 2025: 5,800 BTC followed suit 🏰

Adjusting for these migrations, Tether’s Bitcoin hoard swelled by at least 10,424 BTC by the close of the second quarter. “The world thirsts for bearish Bitcoin tales,” Mow mused, “yet Tether remains a bull in a china shop.” 🐂

CEO Paolo Ardoino: The Voice of Reason

Paolo Ardoino, Tether’s chieftain, took to X to quell the storm. “Correct,” he intoned, “Tether has not parted with a single Bitcoin. As Samson hath explained, we but relocated our treasure to XXI. As the world darkens, Tether shall continue to sow its profits into safe havens: Bitcoin, gold, and land.” 🌍

Correct.
Tether didn’t sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI.

While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land.

Tether is the Stable Company. 🏦

– Paolo Ardoino (@paoloardoino) September 7, 2025

Ardoino, with the gravitas of a Bulgakov protagonist, emphasized that Bitcoin remains the cornerstone of Tether’s grand design. Profits shall flow into Bitcoin, gold, and real estate-pillars of stability in a chaotic world. 🏛️

Why It Matters: The Weight of Tether’s Shadow

Tether, the behemoth of the crypto realm, casts a long shadow. Its stablecoin, USDT, is a global juggernaut, its every move scrutinized by traders and skeptics alike. Thus, the whispers of a Bitcoin-to-gold swap sent ripples through the market, though they proved but a tempest in a teapot. ☕

And so, the saga concludes-for now. Tether remains steadfast, its Bitcoin unshaken, its gold untarnished. The world may darken, but Tether’s light burns bright. Or so they say. 🌟

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2025-09-07 19:08