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girevik Profile picture
girevik
@girevik_
GPG: 7889 5C72 43E7 825D
May 10, 2023 • 4 tweets • 1 min read
Without much fanfare, Tether has started reinvesting some of their profits/excess reserves into Bitcoin. How much have they acquired in Q1, you ask? Just around 52,670. Image Tether just reported a Q1 profit of almost $1.5bn. Compare that to $GS, the (in)famous 150-year old bank with 48,000 employees whose Q1 profit was $3.2bn.