Friday, 19 May 2023

Tether Says It Will Use 15 Percent of Its Profits to Buy Bitcoin; Aims to Diversify Reserves

Tether has decided to invest 15 percent of regular profits into purchasing Bitcoin and strengthening its reserves. After Q1 of 2023, Tether disclosed an all-time high reserve of $2.44 billion (roughly Rs. 20,128 crore). The company also showed that its BTC holdings currently stand at $1.5 billion (roughly Rs. 12,375 crore).

from Gadgets 360 https://ift.tt/Jg6sLoz

No comments:

Post a Comment