Tether sells Bitcoin to buy gold? BTC invests in Twenty One Capital.

Over the weekend, it was reported that the world's largest stablecoin issuer, Tether, sold Bitcoin (BTC) to buy gold. CEO Paolo Ardoino quickly came forward to refute the rumors and announced Tether's address, which currently holds 77,447 BTC, valued at 8.61 billion USD. Chain News also analyzed the verification report and related data, confirming that Tether directly invested in the US Bitcoin company Twenty One Capital with Bitcoin. In fact, Tether increased its holdings by 4,608 Bitcoins in the second quarter.

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是穩定幣公司。

— Paolo Ardoino (@paoloardoino) September 7, 2025

Tether sells Bitcoin to invest in gold?

As gold prices continue to hit historic highs, Tether, the world's largest stablecoin issuer, is redirecting its massive profits towards the physical gold industry. From holding billions of dollars in gold bars to negotiating investments in gold mining and refining companies, it has been joked that they are using Bitcoin, the "digital gold," to exchange for "real gold."

(Tether discusses investing in gold mining companies: Using "digital gold" to buy "physical gold"? )

However, over the weekend, news broke that Tether sold Bitcoin to invest in gold, prompting CEO Paolo Ardoino to quickly come forward to refute the rumors. He announced Tether's address (bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4), stating that most of their Bitcoin is held directly. This address currently holds 77,447 BTC, worth 8.61 billion dollars.

Tether's certification report shows a decrease in Bitcoin due to investments shifting to Twenty One Capital.

Clive Thompson analyzed Tether's audit report and believes that Tether's BTC holdings have decreased this year, while the value of gold has risen, inferring that Tether sold BTC to buy gold, which has caused market panic.

The following is the content compiled from the Chain News verification report, which confirms that Tether did indeed reduce its holdings by 9,392 Bitcoins in the second quarter.

Bitcoin Value Bitcoin Quantity Bitcoin Reduction Quantity Gold Value Q1 7,662,210,442 92,646 @82,704 6,663,205,657 Q2 8,928,174,931 83,254 @107,240 9,392 8,725,417,224

However, this is because Tether directly invested in the American Bitcoin company Twenty One Capital with Bitcoin. On June 2, 2025, 14,000 BTC were transferred to XXI. If this is deducted, Tether actually increased its holdings by 4,608 Bitcoins in the second quarter.

Tether has fully converted its shares in the U.S. Bitcoin company Twenty One Capital (XXI), which directly invested in Bitcoin, with a total holding of 43,514 BTC, and is expected to go public in the U.S. soon.

(Twenty One will be further incentivized, and holding over 43,500 BTC will be traded under "XXI" )

This article Tether sells Bitcoin to buy gold? BTC's stake in Twenty One Capital is due to the earliest appearance in Chain News ABMedia.