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42 sats \ 0 replies \ @brentkearney 3h \ parent \ on: Tether's Golden Bitcoin, WTH is Backing All of This? (Money Stuff, Matt Levine) econ
I listened to an interview with their CEO, who described their strategy. They buy short-term bonds, take the coupon profit, and buy bitcoin with it. They now hold over 90,000 BTC; they are a financial behemoth.