Tether Says It Will Use Real Profits to Buy Bitcoin for Stablecoin Reserves

The company said it would exclusively use profits from its investment operations to purchase BTC, not disregarding unrealized capital gains. This means that the firm considers “tangible gains only from its operations”, which include the difference between the purchase price and the net proceeds from the sale of the asset or, in the case of matured assets such as treasury bills, between the purchase price and the redemption. amount in, according to the statement.