🚀 Tether sets a record with $2.85B net profit in Q4 2023, boasting a $96B market cap! $1B from operational profits (mainly US Treasury interest) & the rest from gold & bitcoin reserves appreciation. Excess reserves hit a $2.2B increase, totaling $5.4B, with $640M in strategic investments including Bitcoin mining & AI infrastructure. 2023 net earnings: $6.2B, with $4B operational profits.

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Source: MilanoFinanza