VICTORIA, Seychelles, September 16, 2026 (Chainwire) — Bitget has released its August 2026 Proof of Reserves report, marking the 45th consecutive monthly disclosure since the program began in December 2022, with a total reserve ratio of 122% for the month. In a separate release, Bitget's August 2026 Protection Fund valuation report recorded an average monthly value of $382 million, backed by 5,500 BTC held as a dedicated protection reserve.

The company publishes the two reports as distinct monthly disclosures, each providing visibility into a different part of the platform's asset-protection framework. The program's December 2022 launch came shortly after the November 2022 collapse of major exchange FTX, when proof-of-reserves reporting became a widespread industry practice. The unbroken run since then gives readers a month-by-month record for comparing successive snapshots across more than three years. The August reserve ratio of 122% means Bitget's reported reserves for tracked assets exceeded the corresponding user balances captured in the snapshot. A full per-asset breakdown is available on Bitget's Proof of Reserves page.

A reserve ratio above 100% reflects the position recorded in a particular reporting snapshot and should not be interpreted as a financial audit or a guarantee of future solvency.

Protection Fund Valuation

The Protection Fund's valuation during August ranged from approximately $345.3 million on August 1, 2026 to $441.5 million on August 27, 2026, with an average monthly valuation of $382 million. Because the fund is backed by5,500 BTC, its dollar value fluctuates with Bitcoin's market price. Bitget established the fund in 2022 with an initial commitment of $300 million, and its valuation remained above that level throughout August.

How Bitget's Reserve Ratio Is Verified

Bitget's Proof of Reserves uses a Merkle-tree structure that allows users to independently verify whether their balances were included in the reserve snapshot without exposing other customers' account information.

Users can carry out their own verification through Bitget's open-source MerkleValidator and Proof of Reserves tools on GitHub, while publicly disclosed wallet information can also be reviewed independently on blockchain explorers. Full details are available on the Proof of Reserves page.

Expanded Proof-of-Reserves Coverage

In a recent Proof-of-Reserves upgrade, Bitget expanded the range of assets available for viewing and verification on its Proof of Reserves page from four cryptocurrencies to more than 20 major assets. The expanded coverage includes assets such as BTC, ETH, USDT, USDC, BGB, XRP, SOL, DOGE, BNB and others.

The upgrade also broadens the coverage of users' actual holdings and lets users check whether their assets are included through Bitget's Personal Proof of Assets feature. The wider asset coverage adds another layer of visibility alongside the exchange's monthly reserve snapshots.

About Bitget

Bitget is a global cryptocurrency exchange operating as a Universal Exchange (UEX), serving over 125 million users and offering access to crypto assets alongside tokenized stocks, ETFs, commodities, FX, precious metals and other financial products. Bitget has published monthly Proof of Reserves disclosures since December 2022.

Media contact: geo@bitget.com