it will invest up to 15% of its profits in bitcoin on a regular basis as it shifts its reserves toward crypto and away from U.S. government debt.
"According to Tether's statement, their bitcoin holding is part of the 'Shareholder Capital Cushion,' a liquidity cushion on top of the current market cap of all Tether's tokens. Being a high-beta asset, bitcoin could bring a higher return for Tether and a greater downside," 21. co's Wan told The Block.
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