Tether posts over $1 billion profit in Q1 as reserves hit record
The company holds over 97,000 Bitcoin worth approximately $7 billion.
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Add us on Google by Vivian Nguyen May. 1, 2026Tether posted over $1 billion in Q1 2026 profit despite volatile markets, lifting excess reserves to approximately $8.2 billion, according to the company’s BDO-attested Q1 2026 report.
The BDO attestation confirmed roughly $192 billion in assets versus nearly $184 billion in liabilities, with reserves primarily held in short-term, high-quality liquid instruments.
US Treasuries accounted for about $141 billion of reserves, alongside roughly $20 billion in gold and around $7 billion in Bitcoin, reinforcing a liquidity-heavy portfolio. The company remains one of the largest holders of US government debt globally.
USDT liabilities stayed near $183 billion, while excess capital and investments were kept fully separate from the backing assets. Tether emphasized profitability, resilience to volatility, and continued global demand for digital dollars.
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Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.