DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Bitcoin Ethereum Briefings Blockchain Security Mining Altcoin Research NFT
Timeline Hourly market signal stream Sources Publisher health and coverage Topics Curated crypto topic hubs Entities Assets, firms, people, regulators Media Kit Audience and placement options Search Advanced archive filters
Bitcoin Cryptonews

Tether Announces Q1 Profit of $1.48 Billion and Discloses Bitcoin, Gold Reserves

Stablecoin issuer Tether has announced a profit of $1.48 billion for the first quarter of this year, after rising interest rates helped the company earn higher returns on its massive reserves. In addition to announcing t...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether Announces Q1 Profit of $1.48 Billion and Discloses Bitcoin, Gold Reserves
Stablecoin issuer Tether has announced a profit of $1.48 billion for the first quarter of this year, after rising interest rates helped the company earn higher returns on its massive reserves.
In addition to announcing the massive billion-dollar profit, Tether revealed in a press release on Wednesday that it now holds both physical gold and Bitcoin (BTC) – by some considered digital gold – as part of its reserves....
Read More: Tether Announces Q1 Profit of $1.48 Billion and Discloses Bitcoin, Gold Reserves

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context