Tether CEO retweets clarification: The market misunderstood that Tether prefers gold over bitcoin
Jinse Finance reported that in response to Tether's gold purchases last quarter exceeding those of several central banks, Tether CEO Paolo Ardoino retweeted a post by Sam Callahan, Director of Strategy and Research at bitcoin treasury company OranjeBTC, on the X platform to clarify the market misunderstanding that Tether prefers gold over bitcoin, stating: "Tether still loves bitcoin." It is reported that Tether currently holds about 87,475 bitcoins and has allocated approximately 15% of its profits to increasing its bitcoin holdings since 2023. The purchase of gold means that Tether is no longer just a stablecoin issuer, but a global enterprise group.
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