- The company will store BTC reserves on its own
- Tether intends to take advantage of the possible growth of bitcoin
Tether, the issuer of the USDT stablecoin, made public a new investment strategy aimed at further strengthening its portfolio of reserves. Starting this month, Tether will regularly invest up to 15% of its net realized profits in BTC.
Paolo Ardoino, CTO of the company, stated:
“The decision to invest in BTC, the world’s first and largest cryptocurrency, is based on its strength and potential as an investment asset. Bitcoin has consistently proven its resilience. The limited supply, decentralized nature and widespread adoption have made it a favorite choice for institutional and retail investors alike.”
Tether said in a statement that bitcoin has shown its investment potential thanks to impressive returns over the past decade.
“By including BTC in its investment strategy, Tether is looking to capitalize on the potential growth of the digital asset. At the same time, maintain a reputation as a reliable supplier of financial infrastructure. Tether’s decision highlights the company’s trust in the cryptocurrency market and its belief in supporting the wider ecosystem.”
Also in a recent report, Tether revealed that 1.8% of its reserves are held by BTC. An analysis of the Tether report for the first quarter of 2023 can be read in our material.