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Crypto Patel

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Crypto Patel
@CryptoPatel

**Tether's Q4/2023 attestation reveals impressive results:**

➡️ Profit for the quarter: $2.85B, $1B from net operational profit and $1.85B from gold and Bitcoin holdings.

➡️ Total 2023 profit: $6.2B.

➡️ Cash & equivalents cover 90% of issued tokens, highest in years.

➡️ Total US T-bill exposure: $80.3B.

➡️ Excess equity: $5.4B, exceeding secured loans ($4.8B).

➡️ VC investments portfolio: $1.45B, spanning AI, Bitcoin mining, P2P telecom, etc.

#Tether #Crypto $USDT $BTC

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January 31, 2024 at 9:49 PM
Twitter@CryptoPatel|21:45 PM - Jan 31, 2024
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