Tether, the platform behind the largest stablecoin USDT, has announced that it will allocate up to 15% of its net realized operating profits towards purchasing Bitcoin every month. This move is aimed at further strengthening its reserves portfolio and diversifying its reserves. Tether already holds $1.5 billion in Bitcoin, which backs only 1.83% of its near-$83 billion market cap. The decision to invest in Bitcoin is underpinned by its strength and potential as an investment asset, according to Paolo Ardoino, the CTO of Tether. The USDT market cap soared to a record high in Q1 but has since flatlined.