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Binance’s BTC Holdings Surge to 12,475.807 BTC in May Amid USDT Decline
By: en coinotag|2025/05/08 13:00:06
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COINOTAG News reports that in May, Binance’s net holdings showcased a significant uptick, reaching 12,475.807 BTC . This represents an increase of 6,393.577 BTC from April’s figure of 6,082.23 BTC . Given the current Bitcoin price of $99,000 , this rise in holdings translates to an impressive value of approximately $6.32 billion . This substantial increase highlights Binance’s robust position in the cryptocurrency market. However, concurrently, Binance observed a notable decrease in its USDT net reserves, which fell to 600,393,497 USDT . This constitutes a decline of 651,077,608 USDT compared to the prior month, where the reserves stood at 1,251,471,105 USDT . As market dynamics continue to shift, these figures underscore the importance of monitoring balance sheets in the ever-evolving crypto landscape.
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