- Binance announced that its holdings of Bitcoin (BTC) and Ethereum (ETH) have decreased by 94.1% and 99.9%, respectively, due to sales.
- The sold virtual assets have mainly been converted to USD Coin (USDC).
- The holdings of Binance Coin (BNB) decreased by 16.6%, and it was reported that the sales of these coins mostly reached historical highs.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
It has been revealed that Binance has sold its holdings of Bitcoin (BTC) and Ethereum (ETH).
On the 10th (local time), AB Kuai.Dong, a virtual asset analyst, stated on X, "Binance is selling its own holdings of BTC and ETH," adding, "Most of the virtual assets held, including BTC and ETH, have been converted to USD Coin (USDC)." Furthermore, "The holdings of Binance Coin (BNB) decreased by 16.6%, marking the least amount of sales," and "Most coins have reached historical highs," he added.
Meanwhile, Binance's own Bitcoin holdings decreased from 46,869 BTC in January to 2,497 BTC, and Ethereum from 216,313 ETH to 175 ETH. This represents a decrease of 94.1% and 99.9% compared to the January holdings, respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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