Tether's latest reserve certification report shows that as of June 30, the company's excess reserves dropped from a record $8.23 billion last quarter to $4.11 billion, a decrease of about 50%. Although Tether reported Q2 net operating profits of approximately $1.5 billion, the report indicates that the company's overall financial results for the first half of the year showed a loss of about $3.17 billion. Based on this calculation, Tether's overall financial results for Q2 alone may reflect a loss exceeding $4 billion. This quarter, Tether increased its holdings by approximately 1,796 $BTC and 14 tons of gold, but the book value of these assets still shrank due to price declines. The company did not disclose specific reasons for other financial changes. https://(wublock123.com)/news/tether-q2-reserve-shortfall-50pct-losses-4b-plus-65724