Tether’s Bitcoin Holdings Reach a Profit of $1,100,000,000
⭐ Tether, the company behind the world’s largest stablecoin, USDT, has seen its Bitcoin reserves jump in value by over $1 billion in recent months.
According to Chinese journalist Colin Wu, Tether currently holds 57,576 BTC worth around $2.4 billion, with an average purchase price of $22,480 per bitcoin. This means Tether’s Bitcoin stash has gained roughly 85%, or $1.1 billion, since its acquisition.
