Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Tether’s Financial Victory: Reports $2.85 Billion in Revenue and Strategic Asset Growth in Q4
BLOCKCHAIN NEWS

Tether’s Financial Victory: Reports $2.85 Billion in Revenue and Strategic Asset Growth in Q4

By Crypto FlexsFebruary 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tether’s Financial Victory: Reports .85 Billion in Revenue and Strategic Asset Growth in Q4
Share
Facebook Twitter LinkedIn Pinterest Email

Tether Holdings Limited demonstrated strong financial strength by posting revenue of $2.85 billion and net income of $6.2 billion in the fourth quarter of 2023, driven by its holdings of U.S. Treasury bonds, gold, and Bitcoin.

During the fourth quarter of 2023, Tether Holdings Limited achieved record levels of profitability, generating net income of $2.85 billion. These results can largely be attributed to $1 billion in operating income generated from U.S. Treasury securities and gains from gold and Bitcoin reserves. Additionally, the company made strategic investments of $640 million in projects including mining, artificial intelligence infrastructure, and peer-to-peer communications, which significantly increased the company’s surplus reserves to $5.4 billion.

The certification that Tether received from BDO, an internationally known auditing firm, demonstrates the company’s commitment to maintaining financial stability and transparency. BDO has confirmed that the Company’s reserves are sufficient to repay all outstanding mortgage loans in full. This action was a response to community concerns about portfolio risk. Tether’s total assets under management exceed $97 billion, with a significant portion of those assets invested in venture capital, Bitcoin, precious metals, and U.S. Treasury bonds.

In 2023, Tether could generate a total of $6.2 billion in net revenue, $4 billion of which came from non-cryptocurrency-related assets. These investments included U.S. Treasury bonds. As a result, Tether has established itself as a solid and reputable entity in the cryptocurrency market, which highlights the broad and robust financial approach the company employs.

The company’s CEO, Paolo Ardoino, underlined the company’s commitment to liquidity and stability, emphasizing the strategic feasibility of maintaining a high percentage of reserves comprised of cash and cash equivalents. Tether’s operational success in 2023, including joining the U.S. Federal Bureau of Investigation to collaborate to monitor and deter illicit activity, demonstrates the company’s pioneering position in building a safe and inclusive financial environment.

Tether’s broad financial and operating strategy can be reviewed through its latest assurance opinions and consolidated reserves report. This document demonstrates the company’s commitment to openness and careful management in the rapidly changing world of the digital currency industry.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

What happened in Crypto today

August 26, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 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

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

Mining Rewards – Why can’t I fund my registered name’s wallet?

November 25, 2024

SEC Postpones Ether ETF Decision to May 2024, Affecting Major Proposal

December 19, 2023

Uniswap Labs is increasing swap fees for transactions through its interface from .15% to .25%.

April 14, 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.