Data: Tether's BTC reserve address transferred 204.3 BTC to Bitfinex, worth approximately 14.36 million USD

According to on-chain analyst Yu Jin (@EmberCN), Tether's BTC reserve address transferred 204.3 BTC to Bitfinex 3 hours ago, worth approximately 14.36 million USD.

Since 2023, this address has continuously purchased BTC using 15% of the company's profits, currently holding a total of 96,936 BTC, worth approximately 6.72 billion USD, making it the fifth largest BTC wallet. Based on the price when it was withdrawn from Bitfinex, the average purchase price of this batch of BTC is about 51,312 USD, currently yielding a profit of approximately 1.75 billion USD.