Tether’s Successful Bitcoin Investment Strategy
Beginning to pay off as company’s BTC holdings valued at $2.4 billion have surged 85% from average purchase price.
Bitcoin’s Price Surging to $44,000
Tether’s BTC stash becomes even more profitable after recent price surge.
Tether’s Diverse Investments
Currently earns income by managing USDT’s $87 billion reserve, which consists of US Treasury bills, gold, and other assets. Revealed that it would use 15% of its realized net operating profits to invest in Bitcoin.
Tether’s Commitment to Reserves
CEO Paolo Ardoino has stated commitment to maintaining additional reserves to ensure the stability of their stablecoin.
Tether’s Interest in Bitcoin Mining
The firm plans to allocate $500 million to Bitcoin mining expansion.
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