The positive valuation of Tether's investments in digital gold has reached $1.1 million, which is an increase of 85% since their acquisition. Currently, Tether holds a total of 57,576 BTC, which is estimated at $2.4 milliona, the average cost of one bitcoin is $22,480. Of this amount, 53,492 BTC were purchased before March of this year, and 4,083 BTC were regularly purchased using 15% of the profit.

According to analyst reports from EmberCN, Tether owns 57,576 BTC, purchased at a price of $22,480 per coin. Starting in May of this year, the USDT issuer allocates 15% of its profit to investments.

Experts estimate that the company acquired 53,492 BTC in March, and another 4,083 BTC were acquired as quarterly financial reports were published.

In November, there were reports that Tether had invested $500 million in bitcoin mining.

Recall that Northern Data has entered into an agreement with Tether to provide loan financing in the amount of € 575 million. These funds will be used to expand bitcoin mining operations using advanced liquid cooling technologies within the Peak Mining business.