Tether, the global stablecoin leader, has announced a new investment strategy that involves regularly setting aside a portion of its profits to purchase Bitcoin. The company plans to invest up to 15% of its profits in Bitcoin, moving away from U.S. government debt. Tether's Bitcoin holdings were reported to be around $1.5 billion at the end of Q1, and the company is looking to consistently increase its Bitcoin reserves. Tether views Bitcoin as a long-term investment opportunity and plans to use actual profits from its investment activities to buy BTC.
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Tether to Invest Profits in Bitcoin, Diversifying Its Stablecoin Reserves
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