ਕ੍ਰਿਪਟੋਕਰੰਸੀ ਖ਼ਬਰਾਂਟੀਥਰ ਨੇ ਰਿਕਾਰਡ ਮੁਨਾਫਾ ਪ੍ਰਾਪਤ ਕੀਤਾ ਅਤੇ Q4 2023 ਵਿੱਚ ਬਿਟਕੋਇਨ ਹੋਲਡਿੰਗਜ਼ ਦਾ ਵਿਸਤਾਰ ਕੀਤਾ

ਟੀਥਰ ਨੇ ਰਿਕਾਰਡ ਮੁਨਾਫਾ ਪ੍ਰਾਪਤ ਕੀਤਾ ਅਤੇ Q4 2023 ਵਿੱਚ ਬਿਟਕੋਇਨ ਹੋਲਡਿੰਗਜ਼ ਦਾ ਵਿਸਤਾਰ ਕੀਤਾ

Tether has announced a record-breaking increase in the excess reserves of USDT, alongside substantial net earnings in the final quarter of 2023.

The Q4 financial review revealed that the stablecoin provider, ਟਥੇਰ (USDT), accrued $2.8 billion in net gains, primarily due to the rise in value of its Bitcoin (BTC) and gold assets. Additionally, U.S. Treasury bills contributed $1 billion in net operational earnings, boosting the company’s excess reserves to an impressive $5.4 billion.

This represents a significant $2.2 billion growth from the preceding quarter. Tether reinvested some of these profits in various initiatives including Bitcoin mining, artificial intelligence research, peer-to-peer communication technologies, and other innovative projects.

BDO, the auditing firm chosen by Tether, confirmed that the company’s excess reserves amply cover its $4.8 billion in outstanding unsecured loans, which partially support the USDT stablecoin. Over the past year, Tether reported a net income of $6.2 billion.

Tether’s latest Q4 attestation emphasizes the company’s dedication to openness, financial stability, and prudent fiscal management. Achieving the highest proportion of reserves in Cash and Cash Equivalents is a testament to our commitment to liquidity and financial steadiness.

Paolo Ardoino, CEO of Tether, highlights these achievements.

Tether Increases Bitcoin Holdings
Beyond achieving record profits, Tether also expanded its Bitcoin portfolio in the last quarter of 2023. The audit report indicates the purchase of 8,888 BTC, valued at approximately $387 million, by the issuer of USDT. Tether’s total Bitcoin holdings now stand at 66,465 coins, with an approximate value of nearly $3 billion, as private firms increasingly invest in the most prominent cryptocurrency amidst its growing acceptance.

The digital asset heavyweight began its Bitcoin acquisitions in early 2023, dedicating up to 15% of its net realized operating profits to the cryptocurrency. Since then, the value of its Bitcoin investments has soared, driven by rising market enthusiasm and significant institutional interest from major Wall Street players like BlackRock and Fidelity.

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