Tether Reports $13 Billion Profit in 2024 with Significant Bitcoin Holdings
- Tether held $7.8 billion in Bitcoin, equating to 83,758 BTC at an informed price of $93,812.
- Profits increased by $5.3 billion in the fourth quarter, totaling over $13 billion for the year.
- Gold and Bitcoin holdings generated approximately $5 billion in unrealized profits.
- Total consolidated assets reached $157.6 billion against liabilities of $137.6 billion.
- USDT supply was nearly $143 billion as of Jan. 31, representing 66.4% of stablecoin total supply.
Tether’s substantial Bitcoin holdings and strategic investments contributed to a profit exceeding $13 billion in 2024, with its USDT stablecoin reaching significant market presence globally.
Source (2.6.1)https://cryptoslate.com/tether-discloses-83758-btc-holdings-and-13-billion-profit-in-2024/?rand=24433
