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Bitget Protection Fund Back to $200M After 2,000 BTC Cold-Wallet Transfer

Bitget has topped up its protection fund back to $200 million, transferring 2,000 BTC worth $166 million from a cold wallet over the past two hours. The fund address now holds 2,484.71 BTC, valued at $206 million.

Original source

AI take

The detail worth noting is that the top-up came from Bitget's own cold wallet rather than fresh capital, so the fund's headline size reflects an internal reallocation as much as new commitment. That distinction matters for how readers weigh protection-fund figures across exchanges, where the metric is self-reported and definitions vary. Whether the fund holds at this level, or drifts with BTC's price and further transfers, is the open question.

Generated by AI for reference only.

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