MARKETS19:02 UTC1d ago 1 min readSource: CoinDesk
Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC
Image via CoinDesk
The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy to recycle up 15% of its profit into BTC.
AI Executive Brief
- / Tether, the issuer of USDT stablecoin, has increased its bitcoin reserves by $70 million.
- / Tether now holds over 97,000 BTC, valued at more than $7.1 billion.
- / This is part of Tether's strategy to invest up to 15% of its profits into bitcoin.
AI-generated summary for informational purposes. Verify with original source.
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