Tether to Spend Millions on Bitcoin to Diversify USDT Reserves
Tether, the issuer of the USDT stablecoin, said it will allocate 15% of its profit to regularly purchase Bitcoin to diversify reserves backing USDT.
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Tether, the issuer of the USDT stablecoin, said it will allocate 15% of its profit to regularly purchase Bitcoin to diversify reserves backing USDT.
Michael Saylor believes that the launch of a digital dollar is good for Bitcoin. Saylor believes that people will become interested in something that is not a sovereign store of value.
The latest financial report shows MicroStrategy's Bitcoin holding amounted to 140,000 with a carrying value of $2 billion as of March 31.
The software company now holds around 140,000 BTC from an aggregate purchase price of around $4.7 billion, with an average purchase price of $29,803 per BTC.
Business intelligence and Fortune 500 company Microstrategy’s Bitcoin (BTC) investment has turned green again as BTC broke past the critical resistance of…