Binance September Reserve: Bitcoin Holdings Surge by 3,779 BTC While Ethereum Plummets to 113 ETH
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COINOTAG News reported on September 8 that Binance released its September reserve report, showing net Ethereum (ETH) holdings dropped from 30,475 ETH in August to 113 ETH in early September, implying disposals valued at roughly $130.5 million based on a cited price of $4,300 per ETH.
This reduction follows the substantial drawdown disclosed in June’s reserve filing, indicating a continued reallocation away from ETH positions rather than a single isolated adjustment.
Conversely, the exchange increased its Bitcoin (BTC) exposure by about 3,779 BTC, bringing net holdings to 21,256 BTC; at the referenced price of $111,000 per BTC, that net accumulation represents approximately $419 million in added valuation.