Crypto
Bitget Protection Fund Sees 25% Boost Amid Bitcoin Rally
Bitget's Protection Fund has reported an average valuation of $382 million in August 2026, as Bitcoin rallied throughout the month. The fund reached a monthly high of $441.5 million on August 27 and a low of $345.3 million on August 1.
The appreciation of Bitcoin from $62,773 to $78,553 contributed to a higher valuation for Bitget's BTC-denominated Protection Fund, which ended the month at approximately $432 million.
Bitget CEO Gracy Chen stated that 'strong markets don't reduce the need for strong safeguards.' The exchange operates alongside Proof of Reserves (PoR), maintaining reserves exceeding user assets across major holdings.