Tether Makes $1.1B from Bitcoin Investments

Tether’s investment in digital gold has resulted in a positive revaluation of $1.1 billion. This has led to an 85% increase in the overall position of the USDT stablecoin since the purchase.

Analysis by EmberCN shows that Tether has invested in 57,576 BTC at a price of $22,480 per coin. Beginning in May of this year, 15% of the profits have been allocated by the USDT issuer towards investments.

Experts reveal that in March, Tether bought 53,492 BTC and then added an additional 4,083 BTC as quarterly financial reports were issued. In November, it was reported that Tether had invested $500 million in Bitcoin mining.

Northern Data also partnered with Tether in a €575 million loan agreement. This money will be used by the company to expand its Bitcoin mining operations through the use of efficient and innovative liquid cooling technologies for its Peak Mining business.