Ardoino’s breakdown highlights how the company has divided its Bitcoin strategy between backing its stablecoin and building longer-term investment positions.
However, its strategy has also faced scrutiny. Recently, YouTuber Clive Thompson claimed Tether had sold more than $1 billion worth of Bitcoin to help fund a $1.6 billion gold purchase, citing changes in the company’s public asset disclosures.
Despite the debate, Tether’s holdings now total 100,521 BTC, valued at roughly $11.36 billion at current market prices.
