According to on-chain analyst Yu Jin's monitoring, 30 minutes ago, the USDT issuer Tether withdrew 7628.9 BTC (approximately 705 million USD) from Bitfinex. This should be the BTC purchased by Tether this quarter: Tether announced in May 2023 that it would regularly use 15% of the company's profits to purchase Bitcoin to enhance its reserves. Tether currently holds a total of 82983 BTC (7.68 billion USD), making it the 6th largest BTC wallet address. Its average buying price is about 36222 USD, with a current unrealized profit of up to 4.72 billion USD.