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Tether moved 951 BTC worth $70.47 million from Bitfinex to its BTC reserve wallet

Tether moved 951 BTC worth $70.47 million from Bitfinex to its BTC reserve wallet

According to EmberCN, the transfer likely reflects Bitcoin accumulated under Tether’s policy of allocating 15% of company profits to BTC, with the reserve wallet now holding 97,141 BTC worth about $7.2 billion.

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Fact Check
The statement is strongly supported by the fetched Whale Alert Telegram archive, which explicitly contains the exact transfer: “116,323,564 USDT (116,367,766 USD) transferred from Bitfinex to Kraken” on the page titled WhaIe Alert Telegram archive. The search result for @whale_alert on X matches the same amount, parties, and USD value at https://x.com/whale_alert/status/2043945670210428981, providing a second corroboration path. CoinGlass search results also repeat the same alert. Confidence is medium rather than high because direct fetches of the X post and whale-alert transaction page failed, so the best validated evidence is the Telegram archive rather than the original transaction detail page.
    Reference: 12
Summary

Tether transferred 951 BTC valued at $70.47 million from Bitfinex to its Bitcoin reserve wallet. EmberCN said the movement likely represents Bitcoin acquired under Tether’s policy of using 15% of company profits to buy BTC. After the transfer, the reserve wallet holds 97,141 BTC worth about $7.2 billion. Based on withdrawal prices, the average purchase price for the holdings was about $51,312, implying an unrealized profit of approximately $2.175 billion.

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