Data: Tether's BTC reserves exceed 87,296, making it the sixth largest BTC wallet, with an average purchase price of around $49,121 and an unrealized profit of $4.549 billions.
According to ChainCatcher, on-chain analyst Yu Jin has monitored that Tether's current BTC reserve address holds 87,296 BTC (worth $8.84 billions), making it the sixth largest BTC wallet. The BTC stored in this wallet has been purchased by the company using 15% of its profits since 2023. Previously, the company only withdrew the BTC purchased each quarter from a certain exchange on the last day of each quarter.
Based on the price at which they withdrew from the exchange, the average purchase price of these BTC is approximately $49,121, and the current unrealized profit is $4.549 billions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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