Tether's Q4 Attestation: $2.85 billion in Profit and 67,000+ BTC \ stacker news ~bitcoin

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Tether's Q4 Attestation: $2.85 billion in Profit and 67,000+ BTC tether.to/en/tethers-2023-q4-attestation/

2413 sats \ 8 comments \ @kr 31 Jan bitcoin freebie

According to the full report it looks like they’re now holding 67,146 BTC

I hope we do get the Mt Gox and US gov sales this year. I think the demand side of the market is strong enough to absorb it. Sure we will get a pull back maybe a big one but that would be a gift.

50 sats \ 0 replies \ @freetx 31 Jan

Yeah. Its probably best to get some of these sales over now. When prices reach 500K then those amounts are going more difficult for the market to absorb.....

312 sats \ 1 reply \ @haimot 31 Jan

Taking interest from shitcoins like USD and US treasury to buy Bitcoin and gold

0 sats \ 0 replies \ @kr OP 31 Jan

yup, i wonder if they’ll get pressure to start paying tether holders interest from some of the newer interest-bearing stablecoins on the market

0 sats \ 0 replies \ @galt 1 Feb

Tether has such a perfect business model, they borrow money at no interest then trade like a hedge and keep all the profits. Truly genius if they don't blow themselves off with unsound investments

0 sats \ 0 replies \ @arrivederci 31 Jan

Still getting a feel for this community and came into this thread purely to see if there were any 'Tether truthers' commenting. Happy to find that there wasn't even one.

0 sats \ 0 replies \ @KLT 31 Jan

Tether’s business model is so impressive with how much money they’re making as well as their bitcoin stack. I don’t have a need for Tether but I respect other countries in worse off situations than I’m in that do have a need for that day to day “stability” of the dollar. All roads lead to bitcoin in the end as far as I’m concerned.

0 sats \ 0 replies \ @arrivederci 1 Feb

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