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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Tether CEO Paolo Ardoino announced Bitcoin (BTC) and Gold Reserves! He answered the question of why they bought gold!
The Bitcoin 2025 Conference, regarded as the biggest event of 2025, was held in Las Vegas from May 27 to 29 and concluded yesterday.
At the Bitcoin 2025 Conference, which hosted important figures for three days, Tether CEO Paolo Ardoino also made significant statements regarding Bitcoin (BTC), Tether (USDT), and the cryptocurrency sector yesterday.
Paolo Ardoino, who made statements supporting and praising Bitcoin, stated that Bitcoin is much more than a digital asset and said, "Bitcoin is the ultimate social network."
Tether's CEO comparing Tether with Facebook said, "Tether has experienced growth equivalent to what Facebook recorded at one time."
Bitcoin and Gold Reserves!
Paolo Ardonio, who also revealed Tether's reserves, stated that the company holds over 100,000 Bitcoin worth more than 10 billion dollars and 50 tons of gold.
Ardoino also stated that Tether made a profit of about 13 billion dollars in 2024, and this figure made Tether the most successful and profitable name in the crypto industry.
The famous CEO explained Tether's decision to hold gold in its reserves and the reasons behind it. Ardoino stated that Bitcoin supporters are questioning Tether's gold decision, saying the following:
The famous CEO recently stated that Tether has made a profit of around 20 billion dollars in the last three years and said: "Less than 5% of this profit was paid to shareholders. The remaining 95% will be used to expand the global distribution network and reinvest in Bitcoin."
*This is not investment advice.
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