{"id":533616,"date":"2023-05-17T22:30:16","date_gmt":"2023-05-17T22:30:16","guid":{"rendered":"https:\/\/wncen.com\/?p=533616"},"modified":"2023-05-17T15:35:32","modified_gmt":"2023-05-17T15:35:32","slug":"tether-bets-on-bitcoin-allocates-up-to-15-of-profits-for-btc-purchases","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tether-bets-on-bitcoin-allocates-up-to-15-of-profits-for-btc-purchases\/","title":{"rendered":"Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases"},"content":{"rendered":"

Tether, the company managing the reserves of the world\u2019s largest stablecoin USDT, has <\/span>announced <\/span><\/a>a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly. This move is expected to diversify Tether\u2019s reserves, which currently hold approximately $1.5 billion in BTC.<\/span><\/p>\n

Tether\u2019s Q1 2023 <\/span>Assurance Report<\/span><\/a> highlights the company\u2019s commitment to maintaining a strong shareholder capital cushion while increasing its Bitcoin holdings. The report also notes that Tether takes possession of the private keys associated with all of its Bitcoin holdings, reflecting the company\u2019s philosophy of \u201cnot your keys, not your Bitcoin.\u201d<\/span><\/p>\n

Tether To Boost Bitcoin Reserves<\/b><\/h2>\n

According to the announcement, under this new approach, Tether will disregard unrealized capital gains generated by price increases and will focus solely on the tangible gains from its operations. The company will consider the difference between the purchase price and net proceeds from the sale or the reimbursed amount in case of a maturing investment.\u00a0<\/span><\/p>\n

Related Reading: Cosmos (ATOM) Price Trends Upwards: A Potential Breakout Or Impending Correction?<\/a><\/p>\n

Paolo Ardoino, CTO of Tether, said Bitcoin has continually proven its resilience and has emerged as a long-term store of value with substantial growth potential. Bitcoin’s limited supply, decentralized nature, and widespread adoption have positioned it as a favored choice among institutional and retail investors alike. <\/span><\/p>\n

What’s more, Tether’s investment in Bitcoin is not only aimed at enhancing the performance of its portfolio but also at aligning itself with a transformative technology that has the potential to reshape the way we conduct business and live our lives.<\/span><\/p>\n

Furthermore, Tether believes that Bitcoin has demonstrated its investment potential with a track record of impressive returns over the past decade. <\/span><\/p>\n

Bitcoin’s performance, combined with increasing recognition and adoption by major financial institutions, has cemented its position as a key component in diversified investment portfolios, which reflects the company’s confidence in the cryptocurrency’s long-term potential.<\/span><\/p>\n

Moreover, Tether’s decision to allocate a portion of its net realized operating profits toward Bitcoin highlights the company’s confidence in the cryptocurrency market and its belief in supporting the broader ecosystem. The move is part of Tether’s strategy to diversify its reserves portfolio and maintain stability in the ever-evolving digital asset landscape.<\/span><\/p>\n

Related Reading: Polkadot Latest Update Fuels Anticipation Of Higher Price For DOT<\/a><\/p>\n

In addition to investing in Bitcoin, Tether is focusing on building communication, energy, and Bitcoin mining infrastructure. These investments are aimed at enhancing the company’s operations and supporting the broader digital asset ecosystem.<\/span><\/p>\n

Overall, Tether\u2019s new investment strategy demonstrates the company’s commitment to transparency, stability, and prudent decision-making. By focusing on realized profits and increasing its exposure to Bitcoin, Tether aims to strengthen its position as a leading player in the stablecoin market while maintaining a strong and diversified reserves portfolio.<\/span><\/p>\n

As of this writing, the largest cryptocurrency by market cap is currently trading at $26,800, down by 0.8% in the last 24 hours.\u00a0<\/span><\/p>\n

\"Tether\"
BTC’s sideways price action on the 1-day chart. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Unsplash, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Tether, the company managing the reserves of the world\u2019s largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly. This move is expected to diversify Tether\u2019s reserves, which currently hold approximately $1.5 billion in BTC. Tether\u2019s Q1 2023 Assurance Report highlights the company\u2019s commitment to maintaining a strong shareholder capital cushion while increasing its Bitcoin holdings. The report also notes that Tether takes possession of the private keys associated with all of its Bitcoin holdings, reflecting the company\u2019s philosophy of \u201cnot your keys, not your Bitcoin.\u201d Tether To Boost Bitcoin Reserves According to the announcement, under this new approach, Tether will disregard unrealized capital gains generated by price increases and will focus solely on the tangible gains from its operations. The company will consider the difference between the purchase price and net proceeds from the sale or the reimbursed amount in case of a maturing investment.\u00a0 Related Reading: Cosmos (ATOM) Price Trends Upwards: A Potential Breakout Or Impending Correction? Paolo Ardoino, CTO of Tether, said Bitcoin has continually proven its resilience and has emerged as a long-term store of value with substantial growth potential. Bitcoin’s limited supply, decentralized nature, and widespread adoption have positioned it as a favored choice among institutional and retail investors alike. What’s more, Tether’s investment in Bitcoin is not only aimed at enhancing the performance of its portfolio but also at aligning itself with a transformative technology that has the potential to reshape the way we conduct business and live our lives. Furthermore, Tether believes that Bitcoin has demonstrated its investment potential with a track record of impressive returns over the past decade. Bitcoin’s performance, combined with increasing recognition and adoption by major financial institutions, has cemented its position as a key component in diversified investment portfolios, which reflects the company’s confidence in the cryptocurrency’s long-term potential. Moreover, Tether’s decision to allocate a portion of its net realized operating profits toward Bitcoin highlights the company’s confidence in the cryptocurrency market and its belief in supporting the broader ecosystem. The move is part of Tether’s strategy to diversify its reserves portfolio and maintain stability in the ever-evolving digital asset landscape. Related Reading: Polkadot Latest Update Fuels Anticipation Of Higher Price For DOT In addition to investing in Bitcoin, Tether is focusing on building communication, energy, and Bitcoin mining infrastructure. These investments are aimed at enhancing the company’s operations and supporting the broader digital asset ecosystem. Overall, Tether\u2019s new investment strategy demonstrates the company’s commitment to transparency, stability, and prudent decision-making. By focusing on realized profits and increasing its exposure to Bitcoin, Tether aims to strengthen its position as a leading player in the stablecoin market while maintaining a strong and diversified reserves portfolio. As of this writing, the largest cryptocurrency by market cap is currently trading at $26,800, down by 0.8% in the last 24 hours.\u00a0 Featured image from Unsplash, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":533617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,78790,6664,1558,4100],"class_list":["post-533616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-tether"],"acf":[],"yoast_head":"\nTether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases<\/title>\n<meta name=\"description\" content=\"Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly.\" \/>\n<meta name=\"robots\" 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases","url":"http:\/\/wncen.com\/news\/tether-bets-on-bitcoin-allocates-up-to-15-of-profits-for-btc-purchases\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tether-bets-on-bitcoin-allocates-up-to-15-of-profits-for-btc-purchases\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1314042576.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1314042576.jpg?fit=1296%2C810"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusdt","crypto","cryptocurrency","tether"],"dateCreated":"2023-05-17T22:30:16Z","datePublished":"2023-05-17T22:30:16Z","dateModified":"2023-05-17T22:30:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tether-bets-on-bitcoin-allocates-up-to-15-of-profits-for-btc-purchases\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tether-bets-on-bitcoin-allocates-up-to-15-of-profits-for-btc-purchases\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1314042576.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1314042576.jpg?fit=1296%2C810\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusdt\",\"crypto\",\"cryptocurrency\",\"tether\"],\"dateCreated\":\"2023-05-17T22:30:16Z\",\"datePublished\":\"2023-05-17T22:30:16Z\",\"dateModified\":\"2023-05-17T22:30:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1314042576.jpg?fit=1296%2C810","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533616"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=533616"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/533617"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=533616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=533616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=533616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}