Bitget publishes 45th consecutive monthly Proof-of-Reserves report with 122% reserve ratio

Bitget has released its 45th consecutive monthly Proof of Reserves snapshot, reporting a total reserve ratio of 122% as of August 27, 2026. That means the exchange claims to hold $1.22 in assets for every $1 it owes to depositors.

The streak itself is the quiet headline. Forty-five months without missing a report, dating back to December 2022, puts Bitget among the most consistent self-reporters in the industry.

What the numbers actually show

The August snapshot breaks down Bitget’s holdings into specific asset categories. The exchange reported approximately 26,811 BTC, 123,688 ETH, 1.45 billion USDT, and 109.7 million USDC across its wallets.

Alongside the standard reserves, Bitget maintains a Protection Fund that averaged $382 million in valuation during August 2026. That fund is backstopped by a fixed reserve of 5,500 BTC held separately from customer deposits, functioning as a dedicated insurance layer rather than part of the general reserve pool.

Transparency upgrades and their limits

Bitget upgraded its public Proof of Reserves page in September 2026, expanding asset coverage to more than 20 tokens. The broader list now includes BGB, the exchange’s native token, alongside the major assets like BTC and ETH that were already tracked.

The upgrade also implemented Merkle-tree verification methods, a cryptographic data structure that lets individual users verify their account balances are included in the exchange’s total liabilities without exposing anyone else’s data.

Bitget’s PoR disclosures come with disclaimers noting that they do not constitute a financial audit. No independent auditor or third-party verification firm has signed off on the numbers. A PoR snapshot captures a single moment in time. What happens to reserves between snapshots, whether assets are temporarily moved or leveraged, remains opaque.

The post-FTX transparency landscape

Bitget launched its PoR program in December 2022, the same period when virtually every major exchange scrambled to prove they weren’t the next FTX. Sam Bankman-Fried’s empire had just revealed that billions in customer funds had been misappropriated, and user trust in centralized exchanges cratered overnight.

What to watch

The 45-month streak and 122% ratio paint a picture of operational stability, but users should weigh two competing realities. Bitget has maintained an unbroken reporting cadence longer than most exchanges have bothered to try, and the Protection Fund’s $382 million average valuation adds a layer of insurance that few competitors match in explicit, publicly stated terms.

Every number in the report comes from Bitget itself. Until an independent auditor verifies these claims, the PoR program functions more as a trust signal than a guarantee.

The expansion to 20-plus tracked tokens covers a broader slice of the exchange’s actual holdings rather than just BTC, ETH, and USDT.

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