Gold Finance reported that on April 16, according to on-chain analyst Yujin, Tether, the issuer of USDT, withdrew 951 BTC (approximately $704.7 million) from Bitfinex about three hours ago. These BTC were purchased by Tether using 15% of its company profits in the first quarter of this year and are typically withdrawn from Bitfinex several days after the end of each quarter. As of now, this address holds 97,141 BTC (approximately $7.2 billion), making it the fifth-largest BTC wallet. Calculated at the purchase price at the time of withdrawal, the average acquisition cost was approximately $51,312 per BTC, resulting in an unrealized profit of $2.175 billion.
Tether Withdraws 951 BTC from Bitfinex, Holding 97,141 BTC in Reserve
AiCoinShare
Summary
BTC news today reports that Tether withdrew 951 BTC from Bitfinex on April 16, valued at $70.47 million, according to AiCoin and on-chain analyst Yu Jin. The withdrawal occurred a few days after the end of Q1 2026, with the BTC purchased using 15% of Tether’s profits. The reserve address now holds 97,141 BTC, placing it among the top five Bitcoin wallets. The average purchase price was $51,312, and the current unrealized profit stands at $21.75 billion.
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