30 minutes ago, USDT issuer Tether withdrew 7628.9 BTC ($705M) from Bitfinex.
This should be the BTC purchased by Tether this quarter: Tether announced in May 2023 that it would regularly use 15% of its profits to purchase Bitcoin to enhance reserves.
Tether currently holds a total of 82,983 BTC ($7.68B), making it the 6th largest BTC wallet address.
Their overall BTC acquisition cost is approximately $36,222, with current unrealized gains reaching $4.72 billion.
Address: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4