Tether used some of its profits to buy about 52,670 Bitcoins in Q1, 2023.
The stablecoin issuer could outpace MicroStrategy if it sustains accumulation strategy and pace.
Tether accrues interest on US treasuries while paying their depositors 0%.
Tether used some of its profits to buy about 52,670 Bitcoins in Q1, 2023. Samson Mow, CEO of JAN3, believes the stablecoin issuer could achieve a baseline of nearly 200,000 coins per year and outpace MicroStrategy if it sustains this accumulation strategy and pace.
The financial analyst that goes by ‘girevik’ on Twitter highlighted Tether’s recent report of earning almost $1.5 billion as a profit in Q1, 2023.
