Tether’s #Bitcoin address has been found, revealing a war chest of 55,022 #BTC ($1.67 billion). This is inline with the amount they reported in their Q1 2023 Assurance Report.

Although a publicized address won’t jeopardize its owner’s funds on its own, once publicized you must take extra precautions when it comes to safely securing your keys! Becoming pseudonymous after being publicized is no easy task. Yet!

Tether currently stands as the 11th largest #Bitcoin holder in the world, while some people FUD over the lack of transparency and possibility of hidden risks, I wouldn’t see its demise and redistribution of funds as a bad thing, with a low enough time preference, EVERYTHING is good for #BTC.

Even if they remain in operation, it seems they could turn over a new leaf. Shifting away from crypto and bonds while moving towards #Bitcoin is a wise, honorable move on their part. I would much rather Tether redeem themselves in the eyes of maxis than fail, and I think stacking up to 15% of profits is a good start…let’s see where this goes!