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BTCB

Unsettled BTCB Buys — Where Are the 1.764 BTC?

I noticed the last BTCB transfer to the treasury was on 29/07. The BTC buys executed on 02/08 and 05/08 (about 1.764 BTC) don’t appear in subsequent treasury transfers.

Can you clarify why those purchases haven’t been transferred to the treasury and where the BTC currently resides?

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Analysis

Possible reasons include settlement or minting delays (on-chain confirmations, bridge or wrapping processes), custodial/exchange internal holds, pending multisig/timelock approvals for treasury transf...

Recommendation

Ask for transaction hashes and the receiving treasury addresses, check on-chain explorers for those txids and the BTCB mint/burn or bridge contracts, confirm whether a custodian or exchange is holding...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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