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Tether CEO retweets clarification: The market misunderstands that Tether prefers gold over Bitcoin.
Golden Finance reported that Tether purchased more gold in the last quarter than several central banks. Tether CEO Paolo Ardoino retweeted a post from Sam Callahan, the Strategic and Research Director of the Bitcoin treasury company OranjeBTC, 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 BTC and has been using about 15% of its profits to increase its Bitcoin holdings since 2023. The purchase of gold indicates that Tether is no longer just a stablecoin issuance entity but rather a global corporate group.