Tether's net profit in the first quarter exceeded $4.5 billion, with total assets reaching $11.37 billion by the end of the first quarter
On May 1st, according to The Block, the financial report released by Tether Holdings Limited for the first quarter of 2024 shows a net profit of $4.52 billion USD, with most of the profit coming from its holdings in U.S. Treasury bonds and the rest from gains on Bitcoin and gold positions. Tether also disclosed for the first time that its total assets as of March 31 this year amounted to $11.37 billion USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SemiAnalysis: Flash memory manufacturing is “switching from tungsten to molybdenum”
SemiAnalysis reports that after surpassing 300 layers in 3D NAND flash memory stacking, tungsten word lines have reached their physical limits in terms of resistance, chemical compatibility, and deep hole filling, making molybdenum a mandatory replacement material. Samsung began mass production in 2024, Micron will follow in 2025, and SK Hynix plans to launch 375-layer molybdenum process products by the end of 2026. The molybdenum deposition equipment market is expected to achieve sales of over $1 billion by 2027.
Obook Holdings posts transcript of 1H 2026 earnings call
Trump's investment account recorded net purchases exceeding $49 millions in June, with financial and defense stocks becoming major holdings, and over a thousand trades executed!
In June, Trump's investment account completed over 1,000 stock trades, with net purchases exceeding $49 million. There were million-dollar level buys in Berkshire Hathaway, Visa, and Mastercard, with financial stocks surpassing tech stocks to become the largest holding sector for the month. The White House insists that the President himself is completely unaware of the trades; all decisions are executed automatically by an independent manager using computer models.
Wells Fargo: Bullish outlook predicts gold price rising to $4,900
Crypto prices
More
