Tether's BTC reserves exceed 87,296 coins, making it the sixth largest BTC wallet, with an average purchase price of approximately $49,121, resulting in an unrealized profit of $4.549 billion

According to on-chain analyst Yu Jin's monitoring, Tether currently has 87,296 BTC (worth $8.84 billion) in its BTC reserve address, making it the sixth largest BTC wallet. The BTC stored in this wallet has been purchased by the company using 15% of its profits since 2023, previously only withdrawing the BTC purchased during each quarter on the last day of that quarter from Bitfinex.

Based on the price at which they were withdrawn from Bitfinex, the average purchase price of these BTC is approximately $49,121, currently yielding a floating profit of $4.549 billion.