Tether continues to strengthen its position in the cryptocurrency sector by strategically increasing its Bitcoin assets.
Bitcoin Investment Strategy and Asset Value
In the first quarter, Tether added 8,888 Bitcoin to its portfolio, bringing the total to 92,646 Bitcoin. This acquisition was part of an investment totaling approximately $735 million. The company adheres to a plan of allocating 15% of its quarterly profits towards additional Bitcoin purchases. The current Bitcoin investment is valued at around $7.7 billion.
USDT Market Capitalization and Profit Performance
The USDT issued by the company is recognized as the largest stablecoin globally, with a market capitalization of $143 billion. A significant portion of the $13 billion profit earned last year came from interest income generated through U.S. Treasury bonds.
Long-term Strategy and the Market
Tether's strategy aims to prepare for market fluctuations through long-term investment diversification. This is part of the company's efforts to fortify its asset portfolio. The institution's investment plan targets stable growth under current market conditions and aims to adapt to potential future changes. The policies implemented by Tether may have indirect effects on sector development.
Tether's strategy is designed to adapt to market conditions while aiming for gradual increases, potentially impacting the overall development of the sector.
