Key Takeaways
- Tether reported $13 billion in net profit and holds 83,758 BTC.
- The company's total assets reached $157.6 billion, with $7B in excess reserves.
- Tether issued $45 billion USDT in 2024, with 400 million global users.
Tether revealed that its Bitcoin holdings reached 83,758 BTC, valued at $7.8 billion in Q4 2024, with an informed price of $93,812 per BTC.
Its combined Bitcoin and gold holdings generated $5 billion in unrealized profits.
The company’s Q4 profits surged by $5.3 billion, pushing annual net earnings beyond $13 billion.
Balance Sheet & Reserves
The firm’s exposure to U.S. Treasuries hit $113 billion, with repo agreements and traditional investments contributing $8 billion to its balance sheet.
Tether also reported a 36% increase in its excess reserve buffer, now exceeding $7 billion.
The company’s total consolidated assets stand at $157.6 billion, with total liabilities at $137.6 billion.
Growth & Future Plans
In 2024, Tether issued over $45 billion in USDT, with $23 billion minted in Q4 alone.
CEO Paolo Ardoino highlighted that USDT now serves 400 million users globally.
He also confirmed upcoming product launches, including AI platforms, telecom applications, and new financial tools.
Tether recently secured a Digital Asset Service Provider (DASP) license in El Salvador as part of its relocation plans.
