According to monitoring by @EmberCN, a Tether-related BTC reserve address withdrew 951 BTC (approximately $70.47 million) from Bitfinex, corresponding to part of its Q1 2026 purchases. Since 2023, this address has been using about 15% of the company's profits to buy BTC, typically completing withdrawals after the end of each quarter. Currently, the address holds approximately 97,141 BTC (around $7.2 billion), making it the fifth-largest BTC wallet on-chain. Based on the withdrawal price, the estimated average cost is around $51,312 per BTC, and it is currently in a profit position. https://(wublock123.com)/news/tether-withdraws-951-btc-from-bitfinex-holdings-97141-btc-59617