Tether to Strengthen Reserves w Bitcoin (Patreon)

This is a special moment.  

TLDR

• The company will be investing up to 15% of its net realized operating profits in Bitcoin.
• Tether already holds approximately $1.5 billion in Bitcoin in its reserves.
• Tether will self-custody all of its Bitcoin holdings.
• Tether believes that Bitcoin is a "transformative technology" that has the potential to reshape the way we conduct business and live our lives.
• Tether will continue to adhere to stringent risk management practices to ensure the stability and security of its operations.

Tether, the company behind the world's largest stablecoin, USDT, has announced that it will be investing in Bitcoin. The company says that this is part of a "conservative and prudent approach to investment decisions" aimed at strengthening, increasing, and diversifying its reserves.

Tether believes that Bitcoin has demonstrated its investment potential with a track record of impressive returns over the past decade. Its performance, combined with increasing recognition and adoption by major financial institutions, has cemented Bitcoin's position as a key component in diversified investment portfolios.

By incorporating Bitcoin into its investment strategy, Tether aims to capitalize on the digital asset's potential growth, while leveraging its position as a trusted and reliable financial infrastructure provider. Tether's decision to allocate a portion of its net realized operating profits towards Bitcoin highlights the company's confidence in the cryptocurrency market and its belief in supporting the broader ecosystem.

In addition to its investment in Bitcoin, Tether is also focusing on other areas of development, such as building communication and energy infrastructure, as well as bitcoin mining. The company remains committed to maintaining the stability of its flagship stablecoin, USDT, while exploring innovative opportunities in the ever-evolving digital asset landscape.

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