After Strategy, Is Tether Next？ Activity Is Being Observed in Bitcoin Wallets

Unusual transactions at Tethers Bitcoin reserve address have sparked speculation that the company may have paused its Bitcoin purchases or altered its accumulation pace for the second quarter of 2026.

According to on-chain data, approximately 4 $BTC were sent to Binance about five hours ago from Tethers reserve address, which is known to allocate 15% of its quarterly profits to Bitcoin purchases. The transfer, believed to be a test transaction, is estimated to be worth approximately $250,000.

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Data shows that the same address also transferred 204.3 $BTC to Bitfinex approximately a month ago. This transaction, which took place when the Bitcoin price was around $70,000, was worth approximately $14.36 million. However, there is no confirmed information yet on whether the transferred Bitcoins were sold.

Another development that caught the markets attention was that Tether has not yet transferred the Bitcoins it is thought to have purchased in the second quarter of 2026 to its reserve address. In the past, the company usually transferred the $BTC purchases it made during the quarter to its reserve address on the last day of that quarter.

However, more than ten days after the end of the second quarter, no new $BTC transfers have been made to Tethers reserve address. This has raised questions about whether the company has changed its Bitcoin accumulation strategy or postponed its second-quarter purchases.