Gate News message, April 15 — Tether’s BTC reserve address recently withdrew 951 BTC, valued at approximately $70.47 million, from a major CEX. The bitcoins were part of Tether’s Q1 2026 purchases, funded by 15% of the company’s quarterly profits.
Tether’s BTC reserve address now holds a total of 97,141 BTC, worth approximately $7.2 billion, making it the world’s fifth-largest BTC wallet. The average purchase cost across all holdings is approximately $51,312 per BTC, with unrealized gains of approximately $2.175 billion based on current prices.
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