Tether BTC reserve address holds 87,296 BTC, with an average purchase price of approximately $49,121

Jinse Finance reported that, according to on-chain analyst Yujin's monitoring, USDT issuer Tether's BTC reserve address withdrew 961 BTC (97.18 million USD) from a certain exchange one hour ago. The BTC stored in this wallet has been purchased using 15% of the company's profits since 2023, and previously, they only withdrew the BTC purchased each quarter from an exchange on the last day of each quarter. Currently, their BTC reserve address holds 87,296 BTC (8.84 billions USD), making it the sixth largest BTC wallet. Based on the price at which they withdrew from the exchange, the average purchase price of these BTC is about 49,121 USD, with an unrealized profit of 4.549 billions USD.