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

Tether Investments, the group’s enterprise arm that manages Tether’s rising foray into power, mining and synthetic intelligence, had a internet fairness worth of $7.7 billion, up from $6.2 billion within the earlier quarter. It additionally disclosed proudly owning 7,100 bitcoin (BTC) price practically $500 million, the corporate stated in a weblog submit.