Tether Announces $5.55 Billion Investment in 82,454 Bitcoin and 48.3 Tons of Gold

Oct 27, 2024, 01:02 PM

Tether has officially announced a significant investment in Bitcoin and gold. The company now owns 82,454 Bitcoin, valued at $5.55 billion, as well as over 48.3 tons of gold, which is comparable to the gold reserves of Finland. Tether CEO Paolo Ardoino confirmed the acquisition, highlighting the company's commitment to diversifying its asset holdings.