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.