According to previous reports, Bitfinex, the sister company of leading stablecoin Tether, holds Bitcoin and has always kept a portion of its transaction fee revenue in Bitcoin. Tether’s Q3 2023 reserve report also stated that Tether held $1.66 billion worth of Bitcoin at that time, equivalent to approximately 61,553 Bitcoins at a market value of $27,000. Tether also announced that starting from May 2023, it will allocate up to 15% of its realized net operating profit, such as realized US dollar benefits from treasury bills, to purchase Bitcoin on a monthly basis. Tether stated that the purchase of Bitcoin is part of its conservative and prudent investment decision-making approach, aimed at strengthening, increasing, and diversifying its reserves.
Tether's Bitcoin Holdings Surpass 66,000 Coins, Achieving Remarkable 79% Return