Tether CEO: 95% of Profits Will Be Reinvested in Bitcoin
Tether CEO Paolo Ardoino stated during his speech at the Bitcoin 2025 conference, "We have recently been in the spotlight, particularly for generating substantial profits. Over the past three years, our profits have been approximately $20 billion. We have distributed less than 5% of the profits to shareholders, with 95% of the profits being used to expand our distribution network and continue reinvesting in Bitcoin, which we will discuss later."
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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