Bitget, a leading global cryptocurrency exchange and Web3 company, reported a 45% month-on-month increase in user-held Bitcoin (BTC) balances in July, according to its latest Proof-of-Reserves (PoR) data.

Figures published by the exchange showed BTC holdings rising from 6,594 BTC in June to 9,531 BTC in July—the strongest growth across all tracked assets on the platform.

User balances of other major assets also climbed during the period: USDT rose 21% to nearly $1.95 billion, ETH grew 31% to 195,466 ETH, and USDC increased 14%.

Bitget said the growth reflects greater user confidence in transparent reserve practices, with the exchange maintaining a reserve ratio of over 200% across major assets—double the industry benchmark of 100%.

“This increase in on-platform user assets, especially Bitcoin, shows a broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification,” said Bitget CEO Gracy Chen.

The July growth coincided with improved market sentiment and heightened institutional interest in digital assets, following Bitcoin’s price stabilization above $110,000.

Bitget’s PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through cryptographic proofs. The exchange remains one of the few top-tier platforms to publish real-time reserve data for user verification.