Binance Reports 657,000 BTC in User Holdings as Bitcoin Reserves Rise

• Binance users added 16,349 BTC, lifting holdings 2.55% to approximately 657,000 BTC.
• Ethereum holdings fell 2.57% to 3.98 million ETH in Binance’s latest snapshot.
• USDT balances dropped 870 million tokens, reaching approximately 32.9 billion USDT.

Binance has released its 45th Proof of Reserves report, showing customer Bitcoin holdings reached approximately 657,000 BTC on August 1. The latest snapshot recorded another monthly increase in Bitcoin balances, while Ethereum and Tether holdings declined during the same period. The report also showed reserve ratios above customer liabilities for major assets, although Proof of Reserves remains different from a full audit.

Bitcoin Holdings Extend Three-Month Growth Trend

Binance reported customer Bitcoin holdings of approximately 657,000 BTC, reflecting a 2.55% monthly increase from the July 1 snapshot. The latest gain added 16,349 BTC to user balances, making it the largest monthly increase during recent reports.

The exchange’s previous snapshots showed customer balances rising by 25,838 BTC during May and another 7,715 BTC during June. Together, those reports indicate nearly 50,000 BTC entered customer balances between the May and August reporting periods.

However, the figures do not confirm that users purchased every Bitcoin through Binance’s trading markets during those months. Customer balances can increase through deposits, transfers from private wallets, purchases, or movements between Binance products without indicating a single source.

Meanwhile, Ethereum holdings moved lower for another consecutive month after previously recording strong growth during earlier reporting periods. User ETH balances declined by 2.57%, falling by 105,154 ETH to approximately 3.98 million ETH.

Binance released its 45th Proof of Reserves report, based on an August 1 snapshot. User BTC holdings stood at approximately 657,000 BTC, up 2.55% from the previous snapshot on July 1, an increase of 16,349 BTC. User ETH holdings stood at approximately 3.98 million ETH, down… pic.twitter.com/2G4GDZ77Hd

— Wu Blockchain (@WuBlockchain) August 19, 2026

USDT balances also dropped by 2.57%, reducing customer holdings by roughly 870 million tokens to approximately 32.9 billion USDT. Those figures extend a three-month pattern of declining USDT balances across Binance’s reserve snapshots.

Reserve Ratios Stay Above Customer Liabilities

Binance reported reserve ratios of 100.25% for both Bitcoin and Ethereum in the latest Proof of Reserves report. The exchange also reported a 103.62% reserve ratio for USDT, placing corresponding reserves above customer liabilities during the snapshot.

The exchange uses Merkle trees and zero-knowledge proofs, allowing customers to verify their balances without exposing other account information. Users can also compare their records with the published Merkle root and review wallet addresses included within the system.

Proof of Reserves helps verify whether disclosed on-chain assets match reported customer liabilities at a specific moment. However, it does not evaluate corporate liabilities, internal controls, loans, or other off-chain obligations that a full financial audit would normally examine.

Binance has not confirmed when its 46th Proof of Reserves report will be published, although recent monthly releases suggest another snapshot could follow around early September.