Tether withdrew 7628.9 bitcoins from Bitfinex 30 minutes ago, worth approximately $705 million.

BlockBeats News, December 30, according to Chainalysis, Tether withdrew 7628.9 Bitcoins from Bitfinex about 30 minutes ago, totaling approximately $7.05 billion.

This should be the BTC purchased by Tether this quarter. Since May 2023, Tether announced that 15% of the company's profits would be regularly used to purchase Bitcoin to enhance reserves.

Tether currently holds a total of 82,983 BTC (approximately $7.68 billion), ranking as the 6th largest BTC wallet address. Its comprehensive BTC purchase cost is around $36,222, with a current unrealized gain of $4.72 billion.