Tether CEO: The Company’s BTC Holdings Have Surpassed 100,000, Aiming to Become the World’s Largest Bitcoin Mining Firm by Year-End
Odaily Planet Daily reported that Tether CEO Paolo Ardoino stated that the company’s Bitcoin mining operations play a crucial role in safeguarding its investments. Tether’s total Bitcoin holdings have now exceeded 100,000 BTC, and the company could become the world’s largest Bitcoin mining enterprise by the end of this year. Reportedly, Tether’s team consists of fewer than 200 people, yet it generated approximately $13 billion in profits in 2024. In recent years, the company has actively invested significant funds to expand into several other sectors, including artificial intelligence, telecommunications, data centers, energy infrastructure, and Bitcoin mining. (The Block)
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