Bitget's Bitcoin reserves surge 97% as regulatory push strengthens trust
Cryptocurrency exchange Bitget has seen a sharp rise in its Bitcoin holdings over the past year. The platform's reserves jumped from 11,127 BTC to 21,889 BTC, marking nearly 97% growth. This increase comes alongside regulatory expansions and a focus on transparency in asset backing.
Bitget's Bitcoin reserves grew steadily throughout 2024. By December, holdings peaked at 23,276 BTC, showing a clear pattern of accumulation. Monthly Proof of Reserves (PoR) reports confirm this trend, reinforcing the exchange's solvency.
The company has also strengthened its regulatory footprint. It secured licences in Australia, Italy, Poland, Great Britain, and Lithuania to ensure secure crypto trading. To prepare for the EU's Markets in Crypto-Assets (MiCA) framework, Bitget set up its European headquarters in Vienna, Austria. Oliver Stauber was appointed as EU CEO, though services in the EU and EEA remain unavailable until licensing is finalised.
Currently, Bitget maintains a 254% BTC reserve ratio. This means user assets are fully covered, with reserves exceeding liabilities by a significant margin. The exchange continues to prioritise transparency and financial stability.
Bitget's Bitcoin reserves have nearly doubled in a year, reaching 21,889 BTC. Regulatory approvals in multiple countries and a strong reserve ratio highlight its push for compliance and security. The exchange's growth reflects both market confidence and a structured approach to asset management.
