According to news on May 17, Tether issued a statement stating that starting this month, Tether will regularly allocate up to 15% of its realized net operating profits to purchase Bitcoin, aiming to further strengthen and diversify its reserves. Tether’s net income last quarter was $1.48 billion, or $493 million per month, and they plan to invest 15% of their net operating profits in Bitcoin, which is equivalent to purchasing $74 million in Bitcoin or 2780 BTC per month! This is 3 times the monthly mining volume. Buy and cherish the 27,000 pie.