#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Bitcoin ATM operator CoinFlip is seeking buyers, possibly selling for $1 billion.
According to Jinse Finance, citing informed sources reported by Bloomberg, Bitcoin ATM operator CoinFlip may join the Crypto Assets merger and acquisition frenzy, as the company is seeking a buyer for $1 billion. CoinFlip has hired a financial advisor to assist in completing the initial sale phase. Bloomberg reported that while CoinFlip aims to raise at least $1 billion, it is uncertain whether the company can achieve this goal and whether the sale can proceed smoothly. CoinFlip is the second largest Crypto Assets ATM operator, just behind Bitcoin Depot. According to CoinATMRadar, the latter maintains nearly 8,700 Bitcoin ATMs. Data from CoinATMRadar shows that CoinFlip's ATMs are spread across the globe, with about 5,600 locations, of which approximately 4,300 are located in the United States.