#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
Bitwise CEO: David Sacks has sold Bitwise company shares to avoid conflicts of interest
Shen Chao TechFlow news, on March 6th, according to Bitwise CEO Hunter Horsley's social media post: "David and CRAFT invested in Bitwise's seed round in 2017. More than two months ago, David told me that they had to withdraw their investment from Bitwise."
We worked with David and the CRAFT team to coordinate and complete the sale of David's Bitwise 10 stake and CRAFT's equity in our company.
They don't want to sell - they are early believers in Bitwise and our mission. But David is doing public service, putting the country first.
Under the leadership of such a talented and well-informed leader as David, I have never been as optimistic about cryptocurrencies in the United States as I am now.