Tether's Q1 profit was $1.04 billion, and its excess reserves reached a record $8.23 billion.

According to its latest report, Tether reported net profit of approximately $1.04 billion for Q1 2026, while its excess reserves rose to a record $8.23 billion. As of March 31, total assets were approximately $191.8 billion, with liabilities of $183.5 billion. Reserves remain heavily held in US Treasuries (~$141 billion), along with ~$20 billion in gold and ~$7 billion in Bitcoin. #TeamDigital $BTC $USDT

Bitcoin bounced off the oversold zone and began to rise relative to gold.

Every time this happened in Bitcoin's history, it marked the beginning of a bull market that lasted more than two years.