Odaily News Tether officially released the fourth quarter certification report of 2023 issued by the world-renowned independent auditing company BDO. The data shows that the net profit in the fourth quarter hit a record high, reaching 2.85 billion U.S. dollars, of which operating net profit was about 1 billion U.S. dollars (mainly from U.S. Treasury bond interest ), with the rest mainly coming from the appreciation of gold and Bitcoin reserves. Excess reserves hit a record high, increasing by $2.2 billion to a total of $5.4 billion, with the remaining $640 million invested in various strategic projects (such as mining, artificial intelligence infrastructure, P2P telecommunications, etc.). The groups net profit in 2023 was US$6.2 billion, of which approximately US$4 billion came from net operating profits generated by US Treasury bonds, reverse repurchases and money market funds, and the remainder came from the performance of other asset classes.