This week, Tether was back in the spotlight due to rumors regarding Bitcoin sales. However, the company refuted this myth, presenting compelling data showcasing its growing reserves.
Sources of the Bitcoin Selling Rumor
The rumors began when analyst Clive Thompson noted a decrease in Tether’s Bitcoin holdings from 92,650 to 83,274 from March to June 2025. This decline was interpreted as a sign of selling, creating concern among traders.
Tether's Balance Sheet Data
The Q2 report confirmed $162.5 billion in assets, with $127 billion in U.S. Treasuries. Additionally, Tether has $5.47 billion in extra reserves beyond 100% backing for all USDT and a profit of $4.9 billion. These figures indicate that the decrease in Bitcoin holdings resulted from transfers to a subsidiary, XXI, rather than actual sales.
Implications for Bitcoin and Stablecoins
Tether's financial status is vital for the overall cryptocurrency market, given its role in a significant portion of trading. Solid data regarding reserve and profit growth enhances trader confidence in the safety of using USDT. Moreover, Tether continues to invest in both Bitcoin and gold, reaffirming its strategy of diversifying assets during times of uncertainty.
In conclusion, the rumors surrounding Tether's Bitcoin sales proved false. The company’s reports revealed an increase in Bitcoin reserves, indicating its strong position in the market.
