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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #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
The amount of BTC purchased by El Salvador after its "Promise Not to Buy Bitcoin from the IMF" has been revealed!
El Salvador has continued to make daily BTC purchases, acquiring 240 new Bitcoins since December 2024, despite the agreement with the International Monetary Fund (IMF) stating that "no further Bitcoin purchases will be made". The total amount of Bitcoin in the country's treasury has thus reached 6,209.
El Salvador, the first country in the world to recognize Bitcoin as legal tender, had reached a $1.4 billion loan agreement with the IMF in December 2024. The agreement required the removal of Bitcoin's official currency status and the government to halt Bitcoin purchases.
However, the "buy out one Bitcoin every day" strategy initiated by President Nayib Bukele in 2022 continues. According to the statement from the El Salvador Bitcoin Office, a total of 240 more Bitcoins have been acquired since December 19, 2024, following the ( IMF agreement ). When calculated at approximately $106,658 each, these acquisitions exceed a value of $25 million.
Rodrigo Valdes, Director of the IMF's Western Hemisphere Department, stated at a press conference held on April 26, 2025, that the country is technically still in compliance with the agreement: "El Salvador remains committed to not increasing its Bitcoin assets within the financial sector."
Blockchain consultant Anndy Lian attributed this situation to the IMF's flexible interpretation: "The IMF's flexible interpretation regarding the agreement may enable these purchases to be made through non-public institutions or with reclassified assets, thus allowing for technical compliance."
*It is not investment advice.
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