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Tether's Bitcoin reserve wallet pulls 951 BTC ($70.47 million) from Bitfinex

On-chain analyst Ember (@EmberCN) reported that USDT issuer Tether recently withdrew 951 BTC from Bitfinex, worth about $70.47 million. The coins were acquired earlier this quarter using 15% of the company's profits. Tether's Bitcoin reserve address now holds 97,141 BTC, valued at roughly $7.2 billion, ranking as the world's fifth-largest BTC wallet. Based on the withdrawal price, the average cost is estimated at $51,312 per BTC, implying unrealized gains of around $2.175 billion.
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