On May 8, according to Binance's May reserve proof report, Binance's net holdings in May were 12,475.807 Bitcoins, an increase of 6,393.577 Bitcoins compared to April's 6,082.23. Based on the current Bitcoin price of $99,000, the increased holdings are valued at approximately $632 million. During the same period, Binance's net USDT holdings decreased to 600,393,497, a reduction of 651,077,608 compared to April's 1,251,471,105.