BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Tether Balance Sheet Reveals $2.8 Billion in Bitcoin Holdings

Gary Ponce by Gary Ponce
February 1, 2024
in CRYPTO
Reading Time: 2 mins read
1
SHARES
24
VIEWS
Share on XShare in TelegramShare on Reddit
  • Tether’s latest audit reveals they hold over $2.8 billion in Bitcoin, providing transparency into their substantial role and reserves in crypto
  • The audit shows Tether had a $2.85 billion profit in Q4 2022, with $1.85 billion from Bitcoin and gold holdings; they made $6.2 billion total profit in 2022
  • Tether aims to expand through new projects in areas like AI and Bitcoin mining in 2024, while remaining focused on USDT stablecoin and crypto activities

Tether, the leading stablecoin issuer, has released the results of a recent audit showing they hold over $2.8 billion in Bitcoin. The audit provides more transparency into Tether’s substantial role in the crypto market and their sizable Bitcoin reserves.

Tether’s Profit in 2022

The audit reveals that Tether had a $2.85 billion profit in the last quarter of 2022. Around $1.85 billion of this profit came from their holdings in gold and Bitcoin. For the entirety of 2022, Tether achieved a total profit of $6.2 billion.

JUST IN: Tether $USDT owns $2.8 billion worth of #Bitcoin via their balance sheets

— BlockNews.com (@blocknewsdotcom) January 31, 2024

Tether’s Plans for 2024

In a statement, Tether CEO Paolo Ardoino shared plans for expansion in 2024 through new projects and products. While known mostly for USDT, Tether aims to become an investor and builder in areas like AI, P2P communications, Bitcoin mining, and renewable energy.

Audit Conducted by BDO

The financial information comes from an audit conducted by BDO, a well-known auditing firm. The audited report offers a comprehensive look into Tether’s balance sheet and Bitcoin reserves.

Tether’s Role in Crypto

Tether and its stablecoin USDT have consistently played a huge role in crypto by enabling transactions and maintaining its dollar peg. The latest audit and transparency into its sizable Bitcoin holdings provide further validation of its importance.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBitcoin MiningPaolo Ardoinostable coinstether
TweetShareShare
Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Struggles as Social Buzz Fades and Smart Money Pulls Back
CRYPTO

HBAR Struggles as Social Buzz Fades and Smart Money Pulls Back

September 3, 2025
SEI Holds Steady but Faces Bearish Pressure Ahead
CRYPTO

SEI Holds Steady but Faces Bearish Pressure Ahead

September 3, 2025
Hyperliquid Battles Whale Shorts as HYPE Struggles Near $40
CRYPTO

Hyperliquid Battles Whale Shorts as HYPE Struggles Near $40

September 3, 2025
Shiba Inu’s Top 10 Wallets Hold Over 60% of Supply
CRYPTO

Shiba Inu’s Top 10 Wallets Hold Over 60% of Supply

September 3, 2025
Toyota and Avalanche Team Up for Blockchain-Powered Robotaxis
CRYPTO

Toyota and Avalanche Team Up for Blockchain-Powered Robotaxis

September 3, 2025
Litecoin Under Pressure But Quietly Building Momentum
CRYPTO

Litecoin Under Pressure But Quietly Building Momentum

September 3, 2025
Load More

Related News

HBAR Struggles as Social Buzz Fades and Smart Money Pulls Back

HBAR Struggles as Social Buzz Fades and Smart Money Pulls Back

September 3, 2025
SEI Holds Steady but Faces Bearish Pressure Ahead

SEI Holds Steady but Faces Bearish Pressure Ahead

September 3, 2025
Hyperliquid Battles Whale Shorts as HYPE Struggles Near $40

Hyperliquid Battles Whale Shorts as HYPE Struggles Near $40

September 3, 2025
Shiba Inu’s Top 10 Wallets Hold Over 60% of Supply

Shiba Inu’s Top 10 Wallets Hold Over 60% of Supply

September 3, 2025
Toyota and Avalanche Team Up for Blockchain-Powered Robotaxis

Toyota and Avalanche Team Up for Blockchain-Powered Robotaxis

September 3, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews