🪙 Tether releases Q4/2023 financial report:
- Record net profit ~ $2.85 billion, of which ~ $1 billion profit comes from US Bonds, the rest is due to Gold and Bitcoin price increases
-Total profit for the whole year 2023 is $6.2 billion
- The company holds $97 billion in assets, guaranteeing 91.5 billion USDT issued to the market
- In $97 assets include: $80.3 billion US bonds, $3.5 billion Gold, 66,465 Bitcoin ~ $2.8 billion and $5.6 billion other assets
- The company spent $642.5M in Q4 to invest in areas such as: Bitcoin mining, clean energy, data, AI infrastructure and P2P telecommunications technology