Tether's CEO, Paolo Ardoino, affirmatively deniesthat any Bitcoin sales were made by the company.
In a recent development, digital currency issuer Tether has been making headlines with its Bitcoin transfers to the investment vehicle Twenty One Capital (XXI).
According to Samson Mow, a well-known Bitcoin advocate, Tether transferred 14,000 BTC to XXI in June, and another 5,800 BTC in July. This news was first reported by the Unchained Daily newsletter.
These transfers have led to a net increase in Tether's Bitcoin holdings. If the July transfer is included, Tether now holds 10,424 more Bitcoins than it did at the end of Q1 2025, as per Mow's latest data. By the end of Q2 2025, Tether is expected to have 4,624 BTC more than it did at the start of the quarter.
Twenty One Capital (XXI), a bitcoin-focused investment vehicle, is backed by Tether, Cantor Fitzgerald, and SoftBank. The exact date when XXI first received Bitcoin from Tether in 2025 is not currently known.
Despite these transfers, it's important to note that Tether did not sell any Bitcoin during this period. The purpose and implications of these Bitcoin transfers are yet to be fully understood, but Mow has provided some explanations regarding the matter.
As these developments unfold, the digital currency market continues to evolve, with Tether's moves serving as an interesting case study for those monitoring the industry.
Read also:
- visionary women of WearCheck spearheading technological advancements and catalyzing transformations
- Recognition of Exceptional Patient Care: Top Staff Honored by Medical Center Board
- A continuous command instructing an entity to halts all actions, repeated numerous times.
- Oxidative Stress in Sperm Abnormalities: Impact of Reactive Oxygen Species (ROS) on Sperm Harm
