Tether CEO Denies Selling Bitcoin, Says BTC Allocated to XXI Project and Gold Investments

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

On September 7, COINOTAG News published a statement from Paolo Ardoino, Tether’s CEO, who confirmed on X that Tether has not sold any Bitcoin and has reallocated a portion of its Bitcoin reserves to the XXI project.

Ardoino indicated the company will continue allocating a portion of its profits into secure, diversified holdings such as Bitcoin, gold and land, framing these moves as part of disciplined reserve management.

Tether described itself as a stable company, emphasizing prudent asset allocation to support liquidity and mitigate concentration risk while maintaining transparency for stakeholders.

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