TechFlow, September 8 — Binance released its September reserve report today. Compared to August, Binance further reduced its Ethereum holdings in September, with net holdings dropping sharply from 30,475 ETH in August to just 113 ETH at the beginning of September. Based on the current price of $4,300, this represents a reduction of approximately $130.5 million worth of Ethereum. Previously, Binance's June reserve report already indicated a significant drawdown in its Ethereum reserves that month.
In contrast, Binance continued to increase its Bitcoin holdings this month, net adding around 3,779 BTC compared to last month, bringing its current net holdings to 21,256 BTC. At the current price of $111,000, the net addition is valued at approximately $419 million.
