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Tether to Invest Up to 15% of Profits in Bitcoin, Shift Reserves Away From US Government Debt

Tether, the issuer of the world's largest stablecoin, has announced that it will invest up to 15% of its profits in bitcoin as it shifts its reserves towards cryptocurrency and away from U.S. government debt. The company currently holds $1.5 billion in bitcoin, accounting for about 2% of its reserves, and plans to buy more on a regular basis.

Tether believes that bitcoin is a great investment choice with a track record of impressive returns over the past decade, and sees it as a long-term store of value with substantial growth potential. The stablecoin issuer will self-custody all of its bitcoin holdings.

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