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Tetherās Bitcoin (BTC) holdings reportedly grew by an additional $70 million in the second quarter of 2023.
According to the most recent attestation by the USDT stablecoin issuer, the value of its BTC portfolio, which stood at $1.5 billion in the first quarter of the year, has shot up to $1.67 billion.
As perĀ BitcoinĀ prices in Q1, Tether held 52,698 BTC, which, adjusting for Juneās Q2 prices, escalated to 55,008, implying an addition of 2,310 BTC to its holdings.
Despite this significant increase, Tether has failed to uphold its public commitment declared in May. The companyĀ announcedĀ that in the future, it would invest 15% of its net profits in Bitcoin to diversify its reserves.
#tether #bitcoin #holding #growing #cryptoonindia
According to the most recent attestation by the USDT stablecoin issuer, the value of its BTC portfolio, which stood at $1.5 billion in the first quarter of the year, has shot up to $1.67 billion.
As perĀ BitcoinĀ prices in Q1, Tether held 52,698 BTC, which, adjusting for Juneās Q2 prices, escalated to 55,008, implying an addition of 2,310 BTC to its holdings.
Despite this significant increase, Tether has failed to uphold its public commitment declared in May. The companyĀ announcedĀ that in the future, it would invest 15% of its net profits in Bitcoin to diversify its reserves.
#tether #bitcoin #holding #growing #cryptoonindia
