Tether's Q2 2024 Attestation Reveals Record $5.2B Profit, Almost $12B Equity

Jul 31, 2024, 03:45 PM

Tether has released its Q2 2024 attestation, reporting a record-breaking profit of $5.2 billion for the first half of 2024. The company's net operating profit for Q2 alone was $1.3 billion. Tether's Group own equity increased by $520 million, reaching a total of almost $12 billion. The attestation also revealed that Tether holds $4.7 billion in Bitcoin and has achieved an all-time high in U.S. Treasury holdings at $97.6 billion, surpassing Germany, UAE, and Australia. Additionally, Tether has $5.33 billion in excess reserves.