According to BlockBeats, on April 15th, EmberCN monitored that USDT issuer Tether's BTC reserve address withdrew 951 BTC (US$70.47 million) from Bitfinex 15 minutes ago, which should be the BTC it purchased in the first quarter of this year.
The BTC held in this address were purchased by Tether using 15% of its company profits since 2023, typically withdrawing the BTC purchased in the previous quarter from Bitfinex within a few days after the end of each quarter. This reserve address holds 97,141 BTC ($7.2 billion), making it the fifth largest wallet. Based on the price at the time of withdrawal from Bitfinex, the average purchase price of these BTC was approximately $51,312, currently representing a floating profit of $2.175 billion.
