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Coinpedia
2023-12-05 05:09:55

Tether’s Bitcoin Holdings Reach New Highs, Generating Over $1 Billion in Profit

Tether’s Bitcoin Holdings Reach New Highs, Generating Over $1 Billion in Profit

The post Tether’s Bitcoin Holdings Reach New Highs, Generating Over $1 Billion in Profit appeared first on Coinpedia Fintech News Tether’s total BTC holdings are 57,576 BTC, worth $2.4 billion. The average purchase price of Tether’s BTC holdings is $22,480. Tether has acquired 4,083 BTC since May 2023, using 15% of its net profits. Tether, the issuer of the world’s largest stablecoin, USDT, has benefited significantly from the recent rise in Bitcoin (BTC) prices. The …

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