Crypto

USDT Issuer Tether Reports $2.5B Profit in Q3, Holds Over $100B Exposure to U.S. Treasuries

Tether Investments, the venture arm managing Tether’s expanding presence in energy, mining, and artificial intelligence, reported a significant increase in net equity value. The group’s net equity value rose to $7.7 billion, up from $6.2 billion in the previous quarter.

In addition to this growth, Tether Investments also disclosed ownership of 7,100 bitcoin (BTC) valued at nearly $500 million. This information was shared by the company in a recent blog post.

The continued growth and diversification of Tether Investments highlight the company’s commitment to exploring new opportunities and expanding its presence in key sectors such as energy, mining, and artificial intelligence.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button