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Binance's September Net Ethereum Reserves Drop by Over 30,000 Coins, Continues to Accumulate Bitcoin

Binance’s September Net Ethereum Reserves Drop by Over 30,000 Coins, Continues to Accumulate Bitcoin

BlockBeats News, September 8th, Binance released its September reserve report. Compared to the August reserve report, Binance once again reduced its Ethereum holdings in the September reserve, with the net holding decreasing from 30,475 ETH in August to 113 ETH in early September. Based on the current price of $4300, Ethereum worth approximately $130.5 million was sold. Previously, Binance’s June reserve report showed a significant reduction in its Ethereum reserves.

In contrast, Binance continued to increase its Bitcoin holdings this month, with a net increase of approximately 3779 BTC compared to the previous month, now holding a net amount of 21,256 BTC. Based on the current price of $111,000, the net increase is worth approximately $419 million.

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