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Key Takeaways
- Buffer rose $3.8B against a $1.5B profit.
- Bitcoin holdings gained about $2.6B in value.
- Short-term reserves slipped to $139.6B.
- Restated opening equity blurs the quarterly comparison.
In its October 30 release, Tether reported $1.5 billion in quarterly net operating profit and $191.5 billion in reserve assets against $183.5 billion in liabilities.
The buffer grew faster than the business earned
$4.2B
June 30
~2.2% of liabilities
→
$8.0B
September 30
~4.3% of liabilities
Circles sized to the reported surplus of assets over liabilities
The buffer is simply reported assets minus liabilities. Comparing the Read Entire Article
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