Tether Achieves $13 Billion Profit in Record Year
- Tether reported a net profit of $13 billion for the year.
- Profits included $7 billion from U.S. Treasuries and repo holdings.
- Unrealized appreciation of gold and bitcoin contributed $5 billion.
- The company holds $143.7 billion in assets against $136.6 billion in liabilities.
- Treasury bills in reserves increased to $94.5 billion.
- Tether’s USDT market cap stands at $140 billion, making it the fourth-largest cryptocurrency.
Tether’s financial success was driven by substantial investments in U.S. Treasuries and digital assets, with a notable increase in its bitcoin holdings to nearly 84,000 BTC valued at approximately $7.8 billion by year-end.
Source (2.6)https://www.coindesk.com/business/2025/01/30/tether-reports-usd13b-profit-for-2024-with-rising-bitcoin-gold-prices-contributing?rand=52298
