Binance’s Bitcoin BTC 0.36% reserves are close to 600,000. The company’s Bitcoin cache is now the largest held by an exchange, although there are many rumors about proof of reserves, self-custody, and more than $5 billion in Bitcoin and Ethereum ETH 0.70% leaving exchanges between November 7th and November 14th, 2022 Discussion, but since November, Binance’s Bitcoin reserves have grown significantly.
In fact, data from cryptoquant shows that Binance’s Bitcoin reserves hit an all-time high on November 19, 2022.
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As the exchange holds approximately 582,054 bitcoins, worth $9.62 billion (at bitcoin exchange rates on November 20, 2022), Binance holds almost 600,000 bitcoins today, or roughly 2.77 of the 21 million capped supply %.
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