Tether has concluded a successful year, achieving significant financial milestones and strengthening its market position.
Tether's Q4 2024 Performance
Tether Holdings Limited released its Q4 2024 report, confirming a record $13 billion in net profits for the year. In the fourth quarter, the company also increased its U.S. treasury investments to $113 billion. For the first time, Tether's reserve buffer exceeded $7 billion.
Tether's Profits from Bitcoin's Rise
Tether also gained significant profits from its investments in gold and rising Bitcoin prices, realizing $5 billion in unrealized profits. The company increased its Bitcoin holdings to 84,000 BTC, worth about $7.8 billion by year-end.
Tether's Prospects and Plans
New MiCA regulations in the EU resulted in some exchanges delisting USDT, yet Tether continues its expansion strategy and plans to move its headquarters to El Salvador.
Tether concluded 2024 with record-breaking achievements and ambitious future plans, including relocating to El Salvador.
