Crypto company Tether invests $200 million in brain-chip maker Blackrock Neurotech

FILE PHOTO: Smartphone with Tether logo is placed on displayed U.S. dollars in this illustration taken, May 12, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

The deal, which closed on Friday after several months of due diligence, values Blackrock Neurotech at around $350 million, making Tether its largest shareholder, Tether CEO Paolo Ardoino told Reuters. In recent years, various device companies, including Elon Musk's Neuralink, have begun testing brain implants in humans.

Tether has made approximately $1.7 billion in venture capital investments to date, using funding from its profits, while leaving the reserves untouched, Ardoino said.

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