TETHER BUYS THE DIP WITH $97M BITCOIN PURCHASE
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✍️ Tether, the issuer of the world's largest stablecoin USDT, bought 961 BTC worth $97.18 million during the recent market downturn, signaling long-term conviction.
👉 Tether bought 961 BTC worth $97.18 million during the recent market downturn 👉 The purchase is part of Tether's policy of allocating 15% of its net realized operating profits to Bitcoin 👉 Tether's portfolio now holds 87,296 BTC, valued at approximately $8.84 billion 👉 Tether's massive stash is currently sitting on an unrealized profit of about $4.55 billion 👉 Experts believe the purchase is a vote of confidence in Bitcoin's long-term fundamentals as a hard asset
-- #GlebKurovskiy #EnmanuelCardozo #RachelLin #technology
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