Tether test deposited 4 BTC to Binance from its BTC reserve address

CoinFeed July 11 news, according to on-chain analyst Yu Jin's monitoring, the reserve address where Tether buys BTC with 15% of quarterly profits test-deposited 4 BTC ($250,000) to Binance 5 hours ago. The address transferred 204.3 BTC ($14.36 million) to Bitfinex a month ago, when the BTC price was around $70,000. Previously, Tether would transfer the BTC purchased that quarter on-chain on the last day of each quarter, but the second quarter has ended over ten days ago, and no new coins have been seen transferred into the reserve address.