Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries

Tether Investments, the group’s venture arm that manages Tether’s growing foray into energy, mining and artificial intelligence, had a net equity value of $7.7 billion, up from $6.2 billion in the previous quarter. It also disclosed owning 7,100 bitcoin (BTC) worth nearly $500 million, the company said in a blog post.