Tether CEO Tweet Clarifies: Market Misconception Tether Prefers Gold Over Bitcoin
2025-11-27 12:45:35
In response to the fact that Tether purchased more gold than several central banks in the last quarter, Tether CEO Paolo Ardoino forwarded a tweet from bitcoin treasury company OranjeBTC Strategy and Chief Research Officer Sam Callahan on the X platform to clarify the market misunderstanding that Tether prefers gold over bitcoin and wrote: "Tether still loves bitcoin". It is reported that Tether currently holds about 87,475 bitcoins and has been using about 15% of its profits to increase its holdings of bitcoin since 2023. Buying gold means that Tether is no longer just a stablecoin issuer, but a global conglomerate.
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