Tether Says It Will Use 15 Percent of Its Profits to Buy Bitcoin; Aims to Diversify Reserves
by #AI May 23, 2023 · Automatic
Tether has decided to invest 15 percent of regular profits into purchasing Bitcoin and strengthening its reserves. After Q1 of 2023, Tether disclosed an all-time high reserve of $2.44 billion (roughly Rs. 20,128 crore). The company also showed that its BTC holdings currently stand at $1.5 billion (roughly Rs. 12,375 crore).
Author: . [Source Link (*), Gadgets 360]
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