Just like Microstrategy, tether is planing to be investing more on bitcoin. But unlike Microstrategy, we do not know how bitcoin maximalist they are yet.
They are smart to use their stable coin for buying Bitcoin. Storing stable coin does not help them richer but Tether are not Bitcoin Maximalist. They are a stable coin company and Bitcoin is only one of assets in their treasury.
Tether has $1.5 billion in bitcoin. That is 2% of their total reserves. 85% of their total reserves is in cash, cash equivalents and other short-term deposits, primarily treasure bills.
According to
Bitcoin Treasuries, Tether are holding about 52,673
BTC which is $1.4B equivalent.
When Tether was in fud attacks months ago because of massive panic around stable coins, they released a very good report and if it was cooked, they would collapse already, not be fine like they are now.