Tags : backing

Market

Tether’s Bank Says It Invests Customer Funds in Bitcoin, Raising

Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well as “other assets and […]Read More

Bitcoin

These are the investors backing MicroStrategy’s Bitcoin investment

MicroStrategy’s ambitious $650 million Bitcoin investment wouldn’t have been possible without the backing of the billion-dollar company’s investors. However, few know the names of the companies that supported the ambitious decision and decided to allocate a significant portion of their own funds to Michael Saylor’s big investment play. Here are the big names backing Michael […]Read More