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Tether withdrew 961 BTC from Bitfinex, the current Bitcoin holdings have unrealized gains of over 4.5 billion dollars.

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According to Wu, monitoring by @EmberCN has revealed that Tether, the issuer of USDT, withdrew 961 BTC from Bitfinex over two hours ago, suspected of buying the dip on BTC. The BTC stored in this wallet was purchased with 15% of their company profits since 2023, having previously only withdrawn the BTC purchased in the quarter on the last day of each quarter from Bitfinex. Currently, their BTC reserve address holds 87,296 BTC, valued at $8.84 billion, making it the sixth-largest BTC wallet. Based on the price at the time of withdrawal from Bitfinex, the average purchase price of these BTC is approximately $49,121, with unrealized gains of $4.549 billion.

BTC-3.01%
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