My summary Tether's Q1/2024 attestation. Another great quarter!
As of 31st March 2024:
- $4.52 Billion Profit for Q1/2024. ~1 billion in net operating profits, primarily derived from US T-Bills. The remainder derived from mark-to-market gains in Bitcoin and Gold positions.
- more than $90 Billion in US T-bills (direct + indirect ownership).
- $6.2 Billion in excess reserves ($1 Billion increase from previous quarter)
Today Tether also provides a summary of its wider Group position (as of 31st March 2024):
- total Tether Group Equity of $11.37 Billion
- ~$5.1 Billion in Tether Investments and other Group's entities
Tether once again demonstrates its commitment to transparency, openness and conservative risk management, maintaining a large amount in excess reserves and providing disclosures for the Group.
As of 31st March 2024:
- $4.52 Billion Profit for Q1/2024. ~1 billion in net operating profits, primarily derived from US T-Bills. The remainder derived from mark-to-market gains in Bitcoin and Gold positions.
- more than $90 Billion in US T-bills (direct + indirect ownership).
- $6.2 Billion in excess reserves ($1 Billion increase from previous quarter)
Today Tether also provides a summary of its wider Group position (as of 31st March 2024):
- total Tether Group Equity of $11.37 Billion
- ~$5.1 Billion in Tether Investments and other Group's entities
Tether once again demonstrates its commitment to transparency, openness and conservative risk management, maintaining a large amount in excess reserves and providing disclosures for the Group.
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