Binance’s proof of reserves report shows Bitcoin and Ethereum backed at 100.25% as of the August 1, 2026 snapshot taken at 00:00:00 UTC. Net Bitcoin balances stand at 656,644.187 BTC against on-chain wallets holding 658,293.119 BTC. The USDT position totals approximately $32.9 billion with a 103.62% backing ratio, while BTC deposits grew from roughly 591,000 to 656,644 between early 2025 and August 2026. The methodology combines Merkle tree proofs with zk-SNARKs zero-knowledge cryptography.
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