Tether, the leader of the stablecoin market, announced record net profit in the first half of 2023. The company plans to allocate some of this profit to Bitcoin investments, which could be a positive development for Bitcoin. CEO Paolo Ardoino announced that Tether's strategy of increasing Bitcoin reserves will continue.

Tether achieved a net operating profit of $5.2 billion in the first half of 2023. In the second quarter, it achieved a remarkable success by making a profit of $1.3 billion. The company decided to direct some of its profits to Bitcoin purchases, which could have positive effects on the cryptocurrency market.

Tether has been actively increasing its Bitcoin holdings since September 2022. In May 2023, the company strengthened its reserve strategy by allocating 15% of its net profit to Bitcoin purchases. At that time, it was known that Tether had approximately $1.5 billion worth of Bitcoin. Latest data shows that Tether currently holds 75,354 BTC, worth approximately $4.8 billion. In the last Bitcoin purchase in March, Tether purchased 8,888 BTC for $626 million.

Paolo Ardoino, Tether's CEO, stated that Bitcoin purchases were made in the second quarter of 2023, but it is unclear whether these transactions will continue in the future. The company's relationship with Bitcoin is not limited to purchases; It also plans to step into Bitcoin mining. It aims to establish mining operations in Uruguay, Paraguay and El Salvador and continues to increase its presence in the sector by purchasing shares in existing mining enterprises.

Bill Miller IV, President and Investment Manager of Miller Value Partners, emphasized the advantages of having Bitcoin on companies' balance sheets. He cited MicroStrategy as an example that has benefited greatly from Bitcoin investments. MicroStrategy started accumulating Bitcoin in 2020 and increased its market value with this strategy. Miller noted that other companies may want to pursue similar strategies, realizing Bitcoin's potential to improve financial performance.

Tether's decisions to invest in Bitcoin and enter the mining industry show strong confidence in the leading cryptocurrency. Tether's Bitcoin purchases and mining activities may influence how other companies view Bitcoin and integrate it into their financial strategies. Considering that Bitcoin is currently trading at $64,200, Tether's large investments could play a significant role in shaping the market outlook.

PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.

My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.

Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who will benefit?

Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become a Binance member without reference, please listen carefully;

When you do what I say, you will receive 10 USDT.

Enter the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.

The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.

Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.

WHEN WILL THE AWARD COME?

Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.

You can help your friends in need by sharing this post.

BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.