Binance’s BTC Holdings Surge to 12,475.807 BTC in May Amid USDT Decline

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.