Unusual transactions at Tether’s Bitcoin reserve address have sparked speculation that the company may have suspended its Bitcoin purchases or changed its accumulation pace for the second quarter of 2026.
According to on-chain data, around 4 $BTC We were sent to Binance about five hours ago from Tether’s reserve address, known for allocating 15% of its quarterly profits to Bitcoin purchases. The transfer, considered a test transaction, is estimated to be worth around $250,000.
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Data shows that the same address also forwarded 204.3 $BTC at Bitfinex about a month ago. This transaction, which took place when the price of Bitcoin was around $70,000, was worth approximately $14.36 million. However, there is no confirmed information yet as to whether the transferred Bitcoins have been sold.
Another development that has caught the market’s attention is that Tether has yet to transfer the Bitcoins it allegedly purchased in Q2 2026 to its reserve address. In the past, the company generally transferred the $BTC the purchases he made during the quarter at his reserve address on the last day of this quarter.
However, more than ten days after the end of the second quarter, no new $BTC Transfers were made to Tether’s reserve address. This raised questions about whether the company changed its Bitcoin accumulation strategy or postponed its second-quarter purchases.
*This does not constitute investment advice.
