#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
BTCS signed a convertible bond protocol with ATW Partners to raise $57.8 million to purchase ETH.
According to Gate.io News bot and TheBlock, Nasdaq-listed blockchain company BTCS has signed a convertible bond issuance protocol with ATW Partners. According to the agreement, BTCS plans to issue a total of $57.8 million in convertible bonds in batches, and the funds raised will be used to purchase ETH. Currently, BTCS has completed the first phase of issuing $7.8 million in bonds, and the remaining $50 million in bonds will be issued gradually according to the agreement between both parties.