While it may be true that the camera sensor only ‘generates’ heat during read cycle surely it is also passively heating during the course of an exposure as a result of absorbing the radiant energy of the photons collected during the exposure - comparable to the way a metal dustbin lid heats up if left in the sun!
My understanding of the purpose of a delay between exposures is to allow time for some/all of the energy collected and generated during an exposure cycle to dissipate. If the heat is not dissipated then the exposures become increasingly noisy as a result of increasing kinetic energy of the electrons in the sensor material.
If I recollect correctly this kinetic noise doubles for every 6° C increase in sensor temperature.