Chief Financial Officer Giancarlo Devasini owns over 40% of the company. Second on the list is CEO Jan Ludovicus van der Velde, who is responsible for strategic decisions in relations with banks and regulators. The third journalists call technical director Paolo Ardoino (Paolo Ardoino), who is responsible for PR. He and Van der Velde each have stakes in the company valued at $1.8 billion.
Another top manager, Tether’s director of legal department Stuart Hoegner, owns $1.2 billion worth of company shares.
The company has not yet commented on the publication.
Recently, Tether management decided to invest up to 15% of net profit in bitcoin every month to diversify reserves. The company has already invested $1.5 billion in BTC.
In June, Tether said that the company’s capitalization reached a record and now stands at $83.2 billion, according to a report dated June 1. Ardoino then said that the success of the company is due to the fact that people want to access financial freedom.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
