Data: Tether tested a deposit of 4 BTC to Binance using its BTC reserve address

According to on-chain analyst Yu Jin's monitoring, Tether used 15% of its quarterly profits to purchase BTC for its reserve address, which made a test deposit of 4 BTC (worth $250,000) to Binance 5 hours ago.

This address transferred 204.3 BTC (worth $14.36 million) to Bitfinex a month ago, when the price of BTC was around $70,000. Previously, Tether would bring the BTC purchased in the quarter onto the chain on the last day of each quarter, but now that the second quarter has ended for more than ten days, no new coins have been seen transferred to the reserve address.