Tether's BTC Reserve Address Moves 204.3 BTC to Bitfinex, Worth $14.36 million

BlockBeats News, June 2nd, according to EmberCN's monitoring, the BTC reserve address of Tether, the issuer of USDT, transferred 204.3 BTC ($14.36 million) to Bitfinex 3 hours ago.

This address has used 15% of Tether's company profit since 2023 to purchase BTC, holding 96,936 BTC worth $6.72 billion. It is the fifth-largest BTC wallet, and the average purchase price of these BTC is around $51,312. Currently, there is an unrealized gain of $1.75 billion.