Bitcoin News Today: Bybit's Bitcoin Reserves Rise as Trust and Bull Markets Collide

On August 21, 2025, Bybit’s 25th Proof of Reserves (PoR) revealed an increased Bitcoin (BTC) holding of 335,132 BTC, representing a 5.86% increase compared to the previous PoR on June 27, 2025, when it held 316,871 BTC. The PoR audit, conducted in collaboration with BitGo and Ankr, confirmed the exchange’s reserves through a cryptographic attestation process, enhancing transparency and user trust. The BTC price rose 5.61% on the day, reaching $58,954, outperforming Bitcoin’s 4.51% increase, suggesting heightened confidence in the exchange’s asset backing [1].

Bybit’s reserves are held by BitGo, a licensed custodian, and are secured with multi-signature wallets and hardware security modules to prevent unauthorized access. The PoR results showed that Bybit’s Bitcoin reserves matched the assets reported in its balance sheet, affirming the exchange’s commitment to reserve transparency and mitigating the risk of insolvency. The increased BTC holding indicates Bybit’s strategy to strengthen its liquidity position, which is essential for maintaining trading volume and order-book depth, especially in a market where competition among exchanges remains fierce [1].

The timing of the PoR release coincided with a broader bull market environment. Bitcoin had rebounded from a recent consolidation phase, and the market was reacting positively to improved regulatory clarity in the U.S., including the Senate passing the GENIUS Act and the House advancing the CLARITY Act. These legislative efforts aimed to establish a stable regulatory framework for stablecoins and digital asset trading, reducing uncertainty for institutional and retail investors. The