#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Cango has reached a securities purchase protocol with EWCL for a total price of 70 million USD.
On June 2, according to PRNewswire, New York Stock Exchange-listed Cango announced that its co-founders Xiaojun Zhang and Jiayuan Lin, as well as its holding company, have entered into a securities purchase agreement with Enduring Wealth Capital Limited (EWCL) to sell 10 million Class B ordinary shares for a total purchase price of $70 million (of which $15 million to be paid only if certain conditions are met).
Previously, it was reported that Cango announced its board of directors has approved a stock buyback plan, intending to repurchase issued American Depositary Shares (ADS) and Class A common stock within the next 12 months starting from April 25, 2025, with a buyback size reaching 30 million dollars.