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Tether reserve address deposited 4 BTC to Binance for testing, and transferred 204.3 BTC to Bitfinex a month ago

2026-07-11 00:45
Odaily Odaily reports, according to on-chain analyst Ember's monitoring, the reserve address Tether uses to buy BTC with 15% of its quarterly profits deposited 4 BTC (worth $250,000) to Binance for testing 5 hours ago. A month ago, this address transferred 204.3 BTC (worth $14.36 million) to Bitfinex when the BTC price was $70,000. Ember stated that it is unclear whether the address has sold the BTC, but it has previously moved the BTC purchased in the current quarter on-chain on the last day of each quarter. More than ten days after the end of the second quarter this year, no BTC has yet been seen transferred to the reserve address.