[Tether Tests Reserve Address with 4 BTC Transfer from Quarterly Profits] Tether's reserve address, which uses 15% of quarterly profits to buy BTC, made a test deposit of 4 BTC ($250K) to Binance 5 hours ago. https://(bitinfocharts.com)/zh/bitcoin/address/ A month ago, they transferred 204.3 BTC ($14.36M) to Bitfinex when BTC was priced at $70K. Not sure if they sold it, but it seems like they’re not buying more BTC right now. Previously, they would transfer the BTC purchased during the quarter to the blockchain on the last day of each quarter. Now, it’s been over ten days since Q2 ended, and there’s no sign of any BTC being moved to the reserve address. -------------------------------------------------------------------------- Bitget is here, and you're instantly VIP! Crypto, US stocks, CFDs—get ahead globally, all in one place.