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Tether reports $1.48 billion profit in Q1, reveals Bitcoin, Gold reserves

Tether reports $1.48 billion profit in Q1, reveals Bitcoin, Gold reserves

The firm held about 85% of all reserve assets in cash and cash-like assets, U.S. Treasury bills and bank deposits among them.

Tether held $1.5 billion of Bitcoin on its balance sheet – or about 2% of roughly $80 billion in reserves – and $3.4 billion of gold, or about 4% of reserves.

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