The BTC held by Tether currently has a surplus of US$1.1 billion
According to data analyst Yu Jin, Tether currently has a floating profit of $1.1 billion (+85%) from holding BTC. Tether currently holds a total of 57,576 BTC ($2.4 billion) with a comprehensive cost of $22,480, of which 53,492 BTC were reserved before March this year and 4,083 BTC were purchased with 15% of Tether's net profit since May this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
241127: Trump’s Crypto Plan: SEC’s Role Diminishes as CFTC Steps In
Donald Trump's administration is reportedly considering shifting crypto regulation to the Commodity Futures Trading Commission (CFTC), potentially reducing the Securities and Exchange Commission's (SEC) role. The move could grant the CFTC oversight of crypto spot markets and exchanges for digital a
Goldman Sachs warns Trump tariff proposals could fuel inflation
Japanese listed company Remixpoint plans to buy another $3.27 million worth of Bitcoin
Trending news
MoreCrypto prices
More
