Tether Denies Bitcoin Sale Rumors, Confirms BTC Transfer to 21 Capital

Tether clarifies that the 19,800 BTC transfer to 21 Capital was part of routine financial operations, dismissing rumors of a Bitcoin sale.

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Summary

Tether has refuted rumors suggesting it sold Bitcoin, explaining that the transfer of 19,800 BTC to 21 Capital was part of normal financial operations. The clarification came amid speculation about the company's Bitcoin holdings being sold off.

Terms & Concepts
  • Tether: A stablecoin issuer, known for its token USDT, which is pegged to the value of the U.S. dollar.
  • BTC Transfer: The movement of Bitcoin from one address to another, often for trading, operational, or investment purposes.