bitcoin on Nostr: Tether just announced they will be allocating up to 15% of their net profit into $BTC ...

Tether just announced they will be allocating up to 15% of their net profit into $BTC monthly.

In Q1 Tether_to made a net profit of $1.48B.

Assuming the net profit stays the same, that means they will be buying ~$74M USD worth or about 2775 $BTC each month going forward.