Bitcoin Decision from Tether! – Bitcoin System

Cryptocurrency largest in the market stablecoin the one which… USDTthe issuer of Tether company for the first time in its first quarter report announced recently. bitcoin and the ratio of gold reserves to total reserves.

bitcoin after the reserve announcement BTC Continuing its moves, Tether announced that they will regularly buy Bitcoin from its profits.

Tether made the following statements in its statement:

“Tether International Limited (Tether), the company that manages the reserves of the first and most widely used stablecoin, today announced its latest investment strategy aimed at further strengthening its reserve portfolio.

Starting this month, Tether will dedicate up to 15% of its net operating profit to the regular purchase of Bitcoin (BTC).

As of the end of March 2023, Tether has approximately $1.5 billion worth of BTC in its reserves. “

Tether also stated that it will store its own Bitcoins. “While it is common practice among many institutional investors to entrust their Bitcoin to third parties, Tether believes in the “Not your keys, not your bitcoin” philosophy and takes ownership of the private keys associated with all Bitcoin assets.” said.

Tether CTO Paolo Ardoino On Tether’s purchase of Bitcoin, he said:

“The decision to invest in Bitcoin, the world’s first and largest cryptocurrency, is supported by its strength and potential as an investment asset.

We consider BTC to be a futures store of value with significant growth potential.

Its limited supply, decentralized nature, and widespread adoption have positioned Bitcoin as a preferred choice among both institutional and individual investors.

Our investment in Bitcoin is not only a way to improve the performance of our portfolio, but also our way of adapting to a transformative technology that has the potential to reshape the way we do business and live our lives.”

*Not investment advice.