💰 Tether withdrew 7,628.9 BTC (approximately $705.25 million) from Bitfinex.

• This is likely a BTC purchase made by Tether this quarter, as the company announced that it will use 15% of its profits to regularly purchase Bitcoin starting in May 2023.

• Tether holds 82,983 BTC (approximately $7.68 billion), making it the 6th largest BTC wallet. The average purchase price of these coins is about $36,222, with an unrealized profit of $4.72 billion.

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