[Tether CEO Clarifies Market Misunderstanding: Tether Still Prefers Bitcoin]
In response to Tether's gold purchases last quarter exceeding those of several central banks, Tether CEO Paolo Ardoino retweeted a post by Sam Callahan, Director of Strategy and Research at Bitcoin treasury company OranjeBTC, on the X platform to clarify the market misunderstanding that Tether prefers gold over Bitcoin. He stated, 'Tether still loves Bitcoin.' It is reported that Tether currently holds approximately 87,475 Bitcoins and has allocated about 15% of its profits since 2023 to increase its Bitcoin holdings. The purchase of gold demonstrates that Tether has evolved into a global enterprise group, rather than merely a stablecoin issuer.