1 min read

Bitget Uses Company Funds to Replenish Protection Fund to 3,705 BTC

The fund’s current value was listed at $316 million. Bitget also posted a 131% reserve ratio across 19 major assets.

Mentioned assets
Bitcoin tokens arranged beside a heavy metal vault door / TokenPost.ai
Bitcoin tokens arranged beside a heavy metal vault door / TokenPost.ai

Bitget replenished its user protection fund with company funds to 3,705 Bitcoin (BTC), with the fund’s current value listed at $316 million as of Oct. 4, 7:03 a.m. ET (11:03 UTC).

The same update put Bitget’s reserve ratio at 131% across 19 major assets. The fund balance and reserve ratio are separate figures.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…