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Tether Allocating Part of Its Profits To Buy Bitcoin, Currently Holds $2,400,000,000 in BTC: Report

Tether, the leading stablecoin issuer, has reportedly accumulated $2.4 billion worth of Bitcoin and has made over $1 billion in profits from its BTC investments. On-chain analyst EmberCN, with a substantial following on Twitter, revealed that Tether currently holds 57,576 BTC purchased at an average cost of $22,480 per Bitcoin. The announcement comes as Bitcoin,…

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