Tether says it will invest 15% of its profits in Bitcoin! What drove the company to this decision? Read more here -
Tether – the company behind the largest stablecoin by means of total market cap – USDT – will be buying Bitcoin. It joins the rank of other large corporations by adding the primary cryptocurrency to its balance sheet.
Tether revealed today that starting this month , the company will “regularly” allocate as much as 15% of its net realized operating profits in Bitcoin., its current and future BTC holdings in its reserves won’t be exceeding the Shareholder Capital Cushion, while it will also strengthen its reserves.The decision to invest in Bitcoin, the world’s first and largest crytpocurrency, is underpinned by its strength and potential as an investment asset.
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