- Tether has made a groundbreaking announcement about its investment strategy.
- BTC has taken center stage as Tether has revealed plans to purchase the cryptocurrency regularly.
- Tether has allocated profits and has chosen to self-custody the acquired BTC.
Tether, a prominent stablecoin issuer, has unveiled a new investment strategy to bolster its stablecoin reserves with Bitcoin (BTC), the leading cryptocurrency in market capitalization. The company announced on Wednesday that it would begin purchasing BTC regularly using a portion of its profits starting this month.
In this investment initiative, Tether intends to allocate up to approximately 15% of its realized profits from investments, excluding any unrealized price appreciation of its reserve assets, for acquiring BTC. These newly acquired tokens will be added to the reserve surplus.
Unlike relying on third-party custodians, Tether will take custody of…
