Overview
- On-chain data flagged a 961 BTC transfer from a Bitfinex wallet to Tether’s reserve address, valued near $97–$99 million.
- The wallet now holds about 87,296 BTC, placing Tether among the largest corporate Bitcoin holders.
- Tether’s purchases trace to a policy of allocating roughly 15% of company profits to Bitcoin, with this mid-quarter move deviating from its usual quarter-end cadence.
- Based on an estimated $49,121 average purchase price, the position reflects roughly $4.55 billion in unrealized gains at current market levels.
- Some third-party trackers also reported a further 8,888 BTC transfer to the reserve address, a claim with more limited verification, as JPMorgan lifted its Bitcoin fair value estimate to about $170,000.