Since September 2024, Binance’s BTC reserves have been gradually declining, yet the unrealized profit on these holdings continues to rise and has now reached an all-time high of approximately $60 billion.
This strategic reserve, mainly used to support the platform’s operations and the BNB Chain operations, has decreased from around 631 000 BTC in September 2024 to 574 000 BTC today.
It is also worth noting that Binance holds about 16 000 BTC in custodial wallets, specifically to back the BTCB token and meet user demand for tokenized BTC on the BNB Chain.
Monitoring Binance’s BTC reserves offers valuable insight into long-term sentiment. When reserves decline, it often means more investors are moving their BTC off exchanges, signaling stronger conviction as demand exceeds inflows.
At the same time, while reserves have decreased, Bitcoin’s price has continued to rise, significantly boosting the unrealized profit on Binance’s remaining BTC holdings.
These gains have now reached approximately $60 billion, setting a new record for the platform.
Written by Darkfost
