Just like Microstrategy, tether is planing to be investing more on bitcoin.
Lol, I think tether is the one investing in bitcoin since the company's birth. They are the real OG.
But unlike Microstrategy, we do not know how bitcoin maximalist they are yet.
You know whenever tether prints usdt, bitcoin pumps later. Why? They print and buy everytime. Its just that they dont make their strategy public.
Yes, probably since their involvement in crypto, they could have been putting their reserves into bitcoin. And I'm thinking this could be one reasons why in the beginning they are not opening their books to the public.
"We had already agreed to produce documents sufficient to establish the reserves backing USDT, and this dispute merely concerned the scope of documents to be produced. As always, we look forward to dispensing with plaintiffs' baseless lawsuit in due course."
https://cointelegraph.com/news/tether-says-new-court-order-to-produce-usdt-reserve-backing-is-a-routine-discovery-matterSo in any case this could be good for this image though, (although for sure there could be some here that will not agree with that).