Tether is going to buy Bitcoin for 15% of its profit

Tether company is releasing a stable USDT coin, the other day it announced that it will start investing in bitcoin continuously from this month.

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The message states that from May of this year, when the company will begin to invest up to 15% of revenue on the purchase of Bitcoin. This solution will allow to diversify the portfolio of reserves.

The company follows the philosophy that if it does not own the keys, then it does not have a coin. Therefore, she wants to store the first cryptocurrency herself.

According to the technical director, Bitcoin has already shown stability many times. Now it is a good asset for the long term, allowing you to keep assets. At the same time, it has significant growth potential. Due to the limited supply, decentralization and wide popularity, it has become the best choice.

Following the first quarter report, the organization has $1.5 billion worth of Bitcoin. This is about 1.8% of the total reserve. During the same period, the company's net profit was recorded in the amount of slightly less than $ 1.5 billion.

It should be noted that earlier the company conducted an analysis of the publications of the WSJ and came to the conclusion that the newspaper is biased against Tether.

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