TechFlow reports, on May 17, according to an official blog post, Tether will begin allocating up to 15% of its realized net operating profits toward purchasing Bitcoin (BTC) starting this month. Tether expects its current and future BTC holdings in reserves will not exceed the shareholder capital buffer, further strengthening and diversifying its reserves.
Additionally, as of the end of March 2023, Tether already held approximately $1.5 billion worth of BTC in its reserves.
Add to Favorites
Share to Social Media
