Tether to Regularly Allocate Up to 15% of Net Realized Profits to Bitcoin Purchases

Tether today announced its latest investment strategy, which aims to further strengthen its reserve portfolio. 

Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits to the purchase of bitcoin. tether expects to hold no more than Shareholder Capital Cushion of BTC in its reserves, both current and future, and will further strengthen and diversify its reserves. In previous news, Tether released a quarterly proof of reserves, with USDT issuance growing from $66 billion to over $82 billion, with secured loans decreasing from 8.7% to 6.5% of Tether's reserves, and Tether's U.S. Treasury holdings reaching an all-time high of over $53 billion, representing over 64% of total reserves, with Treasuries along with cash and cash Other reserves in the equivalents category (e.g., overnight repos, term repos, money market funds, cash and bank deposits) accounted for nearly 85% of total reserves, reaching an all-time high.

In addition, Tether reduced its bank deposits from $5.3 billion to $48.1 billion in the first quarter to reduce Tether's exposure to counterparty risk.