Tether CEO retweets clarification: The market misunderstands Tether's preference for gold over Bitcoin. Summary: Tether's CEO clarifies his support for Bitcoin, stating that despite its gold purchases exceeding those of several Central Banks, it still allocates about 15% of profits to increase Bitcoin holdings, demonstrating its global corporate positioning. According to Golden Finance, in response to Tether's gold purchases last quarter exceeding those of several Central Banks, Tether CEO Paolo Ardoino retweeted a post from Sam Callahan, Strategic and Research Director at Bitcoin treasury company OranjeBTC, clarifying the market's misunderstanding that Tether prefers gold over Bitcoin, writing: "Tether still loves Bitcoin." It is reported that Tether currently holds approximately 87,475 Bitcoins and has been using about 15% of its profits to increase Bitcoin holdings since 2023. Purchasing gold means Tether is not just a stablecoin issuance institution, but rather a global corporate group.
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Tether CEO retweets clarification: The market misunderstands Tether's preference for gold over Bitcoin. Summary: Tether's CEO clarifies his support for Bitcoin, stating that despite its gold purchases exceeding those of several Central Banks, it still allocates about 15% of profits to increase Bitcoin holdings, demonstrating its global corporate positioning. According to Golden Finance, in response to Tether's gold purchases last quarter exceeding those of several Central Banks, Tether CEO Paolo Ardoino retweeted a post from Sam Callahan, Strategic and Research Director at Bitcoin treasury company OranjeBTC, clarifying the market's misunderstanding that Tether prefers gold over Bitcoin, writing: "Tether still loves Bitcoin." It is reported that Tether currently holds approximately 87,475 Bitcoins and has been using about 15% of its profits to increase Bitcoin holdings since 2023. Purchasing gold means Tether is not just a stablecoin issuance institution, but rather a global corporate group.