Rewards Hub Tether, the issuer of USDT, has withdrawn 951 BTC from Bitfinex, valued at approximately $70.47 million. This transaction was highlighted by on-chain analyst Ember (@EmberCN). The bitcoins were acquired earlier this quarter using 15% of Tether's profits.
Tether's BTC reserve address now holds 97,141 BTC, valued at around $7.2 billion, positioning it as the fifth-largest BTC wallet globally. The average purchase cost for these bitcoins is estimated at $51,312 per BTC, resulting in an unrealized profit of approximately $2.175 billion.
Tether Withdraws 951 BTC Worth $70.47 Million from Bitfinex
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