Binance, the world’s largest cryptocurrency exchange, has released its Proof-of-Reserve for February.
An overview shows that Binance has significantly reduced some of its corporate-held crypto holdings.
In an update shared on X by MartyParty, a notable crypto commentator, the drastic reduction commenced in January 2025.
Major Sell-Off of Bitcoin, Ethereum, and Solana
MartyParty’s post relied on Binance’s Proof-of-Reserve (PoR) report for February 2025. This report shows a month-to-month change in the exchange’s assets.
His post claims that Binance sold $8 billion in corporate crypto holdings over a short period.
That is, Binance liquidated more than half of its reserve, which then dipped from $14 billion to just $6 billion.
MartyParty obtained these figures by subtracting the customer’s net balance. This includes the customer funds less what Binance holds in its reserve.
The chart shows that Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP were some of the major assets sold. Meanwhile, almost all of the exchange’s Tether (USDT) totaling $3 billion were moved.
This development leaves the largest crypto exchange with very small amounts of BTC, ETH, SOL, and XRP in its corporate reserve.
So How Much Bitcoin, Solana and XRP Is On Binance
Beyond this observation from MartyParty, Binance still have a relatively healthy balance for some of its core assets.
The exchange holds a total of 615,816.977 BTC as the customer balance. However, it boasts of a total of 618,563.895 BTC marking a BTC ratio of 100.45%.
It split this with 587,973,252 BTC on the exchange’s vaults and 30,590.643 BTC on third-party platforms.
The exchange also holds a total Solana balance of 25,099,475.333 SOL for its customers. With a 100.02% ratio, it HODLs 25,103,654.413 SOL in both onchain and third party vaults.
Binance XRP balance has a more positive ratio of 103.29%. This comprises of 2,747,730,953.667 XRP belonging to customers and 2,838,211,935.937 XRP it owns.
Analysts say low ratio imply that Binance might be at risk of a bank run in case of over leverage trading holdup.
In any case, the data paints a bearish signal for Binance. Of more concern to market experts is the potential impact this could have on the price of the assets hosted, such as BTC, XRP, and SOL.
Large-scale selling might contribute to downward price pressure on the aforementioned coins.
However, experts insist that if the same scenario plays out across other major exchanges in time, it could trigger scarcity. Such a development could then result in a price increase as demand outstrips supply.
Community Reactions and Speculations
Binance’s February Proof-of-Reserve has elicited a reaction from community members.
Some have expressed shock at Binance’s low Bitcoin liquidity. The concerns are justified considering the growing interest for the coin at the moment.
Notably, in the U.S., some 20 states have presented Bitcoin Reserve proposals before their respective legislatures. An approval could see the price of BTC spike given the volume that these states might demand.
Another user speculated that the move was strategic as the new U.S. administration under President Donald Trump would not allow Binance to trade against its customers.
The post Here’s How Many Bitcoin, Solana, and XRP Binance Now Holds appeared first on The Coin Republic.
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