PolicyWatch on Nostr: Tether’s CEO announced that the company now holds 82,454 Bitcoin, valued at ...
Tether’s CEO announced that the company now holds 82,454 Bitcoin, valued at approximately $5.55 billion. This investment further solidifies Tether's strategy of diversifying reserves by including Bitcoin alongside traditional assets, likely aimed at enhancing resilience and liquidity within their stablecoin backing structure.
#Bitcoin #Tether #Cryptocurrency
Published at
2024-10-27 18:25:05Event JSON
{
"id": "1066ad9287bb812b04c65862361b87be80788168af7565ebc27624d2bafba158",
"pubkey": "27217093e83ec6289df7562811e01af5f7966870b88fad9169e7bf10c434fdda",
"created_at": 1730053505,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"Tether"
],
[
"t",
"Cryptocurrency"
]
],
"content": "Tether’s CEO announced that the company now holds 82,454 Bitcoin, valued at approximately $5.55 billion. This investment further solidifies Tether's strategy of diversifying reserves by including Bitcoin alongside traditional assets, likely aimed at enhancing resilience and liquidity within their stablecoin backing structure.\n\n#Bitcoin #Tether #Cryptocurrency\n\n",
"sig": "aa837d2a0216e48e7784b0a26f8f301a1c661a5d69a5c3ff621fc2b570443ba9801b32ad3b9d9193b3b2d11aed3b04c93a0fadbc83a0fd2b3514d18fc456c06a"
}