Tether reserve wallet sends 4 BTC to Binance as Q2 buying stalls

Tether transferred 4 BTC worth about $250,000 from a wallet to Binance, which may point to an end to Tether’s BTC acquisitions, EmberCN said in a report on Saturday. Tether 用每季度利润的 15% 买 BTC 的那个储备地址，5 小时前测试性往 Binance 充值了 4 枚 BTC ($25 万)。https://t.co/bsvlUfw4Gt这是要？他们在一个月前向 Bitfinex 转移过 204.

3 枚 BTC ($1436 万)，当时 BTC 价格在 $7 万。卖没卖不太确定，但他们现在好像没在继续买 BTC… https://t.co/sTAJ3NElxG pic.

twitter.com/uZ5WiaheHh— 余烬 (@EmberCN) July 11, 2026 The on-chain analytics firm, which observes large wallets on X, described the transaction as a “test” deposit. EmberCN noted that the recent transactions indicate that Tether “now doesn’t seem to be continuing to buy BTC.”

However, the analyst stopped short of indicating that any coins were sold, claiming that the information does not specify whether a sale indeed occurred. The particular wallet is the one belonging to Tether where there is a transfer of 15% of their quarterly net realized operational profits. In a post dated June 2, EmberCN reported that the wallet had 96,936 BTC worth nearly $6.

72 billion, placing it at the fifth position on Bitcoin wallets globally. Bitcoin Magazine mentioned that, in April, the amount was marginally higher at almost 97,141 BTC across reserve wallets presumed to belong to Tether. A break from a two-year buying pattern Since May 2023, Tether has been implementing a policy according to which up to 15% of the net profits earned in the course of its business will be allocated for Bitcoin purchases.

The company disclosed this plan on May 17, 2023. At that time, its Chief Technology Officer, Paolo Ardoino, called Bitcoin the “long-term store of value.” Tether announced that the company will not use any custodial services but rather exercise self-custody over its Bitcoin, in accordance with the saying “Not your keys, not your Bitcoin.”

This policy guarantees a regular, well-organized rhythm in Tether’s operation. Tether creates its positions in Bitfinex in the course of the quarter and moves it to its base wallet i