PANews reported on April 15th that, according to Ember, Tether, the issuer of USDT, transferred 951 BTC (approximately $70.47 million) from Bitfinex to its Bitcoin reserve address. This address has been purchasing BTC at 15% of the company's profits since 2023, typically withdrawing funds from Bitfinex and storing them centrally a few days after the end of each quarter. Currently, this address holds 97,141 BTC (approximately $7.2 billion), making it the fifth largest BTC wallet globally. Based on the price at the time of withdrawal, the average purchase price was approximately $51,312, resulting in a paper profit of approximately $2.175 billion.