Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»Tether’s audit report shows its Bitcoin holdings are over $2.8 billion.
BITCOIN NEWS

Tether’s audit report shows its Bitcoin holdings are over $2.8 billion.

By Crypto FlexsFebruary 1, 20241 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tether’s audit report shows its Bitcoin holdings are over .8 billion.
Share
Facebook Twitter LinkedIn Pinterest Email

Announced today, leading stablecoin issuer Tether emerges with a strong balance sheet showing Bitcoin ownership of over $2.8 billion. This information was uncovered through an audit conducted by renowned audit firm BDO, as detailed in the official audit report.

The audit report provides a comprehensive analysis of Tether’s financial position, including additional information about its Bitcoin holdings. Tether, famous for its stablecoin USDT, has continued to play a big role in the cryptocurrency market, facilitating trading and maintaining a peg to the US dollar.

“At Tether, we look forward to a great 2024, with many new projects and products ready to go live,” said Tether CEO Paolo Ardoino. “I’m really excited about Tether’s expansion. Although Tether is primarily known for one product (USDT), the company is an investor and infrastructure provider in a variety of strategic sectors, from AI to peer-to-peer communications, Bitcoin mining to renewable energy production. Becoming a builder.”

The company also earned $2.85 billion in revenue last quarter, about $1.85 billion of which came from its gold and Bitcoin holdings. In 2023 alone, Tether achieved revenue of $6.2 billion.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

ECB Chairman Lagarde aims to seize the global order to strengthen the Euro’s global position.

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025

Cooking.City Bringing Back Value Redistribution To Solana Fair Launches

July 3, 2025

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025

Looking for an Affordable Crypto PR Agency? Here’s What to Know Before You Spend

July 3, 2025

Crypto PR Packages for Startups: What You Need & How to Choose the Right One

July 3, 2025

Cheap Crypto Press Release: How to Promote Your Project Without Overpaying

July 2, 2025

The Ultimate Guide to Crypto Public Relations Packages

July 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025
Most Popular

Psychology of FOMO: JPMorgan analyst advises investors to avoid meme coins like Shiba Inu and pursue more stable opportunities in cryptocurrencies.

January 7, 2025

Injective(INJ) Releases ‘Altaris’ Upgrade Featuring Advanced RWA Oracle and Enhanced Burn Auction

August 8, 2024

Hybrid agency redefining web3, music, and AI

February 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.