Tether's net profit in the first quarter exceeded $4.5 billion, with total assets reaching $11.37 billion by the end of the first quarter

Bitget App

Trade smarter

Bitget2024/05/01 13:07

On May 1st, according to The Block, the financial report released by Tether Holdings Limited for the first quarter of 2024 shows a net profit of $4.52 billion USD, with most of the profit coming from its holdings in U.S. Treasury bonds and the rest from gains on Bitcoin and gold positions. Tether also disclosed for the first time that its total assets as of March 31 this year amounted to $11.37 billion USD.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Sources: The final voting time in the US Senate for the revised Republican spending bill is still unclear, while the House plans to address the bill on Wednesday.

A Bitcoin whale's ETH long position has an unrealized profit of approximately $7.37 million.