30 minutes ago, USDT issuer Tether (Tether) withdrew 👀 7,628.9 BTC ($705 million) from Bitfinex.

This should be the BTC that Tether bought this quarter: Tether decided in May 2023 to issue an announcement that it would use 15% of the company’s profits to buy BTC to boost its reserves.

Tether currently holds a total of 82,983 BTC ($7.68 billion), making it the sixth-largest BTC wallet address.

Their total BTC purchase cost is around $36,222,

The current profits are $4.72 billion.$BTC