Crypto
Bitget Protection Fund Soars as Bitcoin Rallies
Bitget's Protection Fund saw significant growth in August 2026, averaging a valuation of $382 million. This increase was largely driven by Bitcoin's strong performance during the second half of the month.
The fund began the month at a low of $345.3 million but reached as high as $441.5 million on August 27. Bitget holds 5,500 BTC in reserve, and its value fluctuated between $62,773 and $80,268 on a daily basis.
Bitcoin's price surge from $62,773 to $78,553 at the end of the month contributed significantly to the fund's valuation. The overall value of the Protection Fund ended August at approximately $432 million, with an average monthly valuation of $382 million.