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Tether International Limited (Tether), the leading manager of the popular stablecoin, has unveiled a new investment strategy to bolster its reserves portfolio.

Stablecoin issuer Tether has announced plans to purchase Bitcoin with 15% of realized operating profits routinely.

In a bold move that marks a significant strategy shift, Tether International Limited, the organization behind the pioneer and most popular stablecoin, has declared its new investment plan.

Tether announces it plans to allocate 15% of revenues toward buying Bitcoin. Is this a trustworthy plan for further diversification, or a distraction from its questionable accounting?

Tether has announced they will be consistently buying bitcoin out of their profits after revealing $1.5 billion holdings.

Bitcoin has ‘continually proven its resilience' said Tether's CTO, as the stablecoin issuer adds to its $1.5 billion reserves of the cryptocurrency.

Tether, the company managing the reserves of the first and most widely used stablecoin, Tether (USDT), disclosed in its most recent quarterly assurance report that it holds approximately $1.5 billion in BTC in its reserves.

More specifically, issues of reliability, robustness, and trust arrived when questions began to arise about the security of these stablecoins.

Since its launch in 2014, Tether (USDT) has become one of the biggest players in the cryptocurrency world. The stablecoin is now widely used by traders and investors as a means to move funds between crypto exchanges and to hedge against market volatility.

Tether announced that it would acquire Bitcoin using 15% of its monthly earnings from investing in US government bonds.

The latest Tether news is that the company behind the leading stablecoin in the market USDT, is looking to allocate a portion of its profits towards the purchase of Bitcoin. The “investment strategy [is] aimed at further strengthening its reserves portfolio,” Tether said in a press release published on Wednesday.

Stablecoin issuer Tether said Wednesday it intends to regularly allocate up to 15% of its net realized operating profits towards purchasing bitcoin, which it will custody itself.

Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC).

The issuer of the world's largest stablecoin, Tether, has announced the firm's plans to allocate some of its profits to buy Bitcoin. According to a recent statement, Tether is allocating up to 15% of the realized profit from investments to purchase Bitcoin.

Tether said that Bitcoin's decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer.

Crypto News: As part of a new investment strategy centered around the world's largest cryptocurrency by market value, stablecoin issuer Tether stated on Wednesday that it would begin regularly purchasing Bitcoin (BTC) for its stablecoin reserves using a percentage of its profits beginning this month. Tether To Invest Upto 15% Of Its Profits Tether has

Tether joins the bandwago of companies that will be buying Bitcoin.

Tether held $1.5 billion in bitcoin as of the end of the first quarter, accounting for about 2% of its reserves.

The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.

Although cryptos enjoyed strong performances earlier, a lack of fundamental catalysts may apply some pressure on the sector.

Tether Holdings, a stablecoin operator, withdrew $4.5 billion from banks, reducing counterparty risk and achieving substantial growth.

Do Kwon cashes out $500,000 in $USDT and $2.3M of $LUNC before being released on bail.

Tether drops bank deposits by 90% and adds gold and bitcoin to reserves. Record net profits, US treasury holdings at all-time highs.

Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism.