MEXC Purchases 1,000 BTC for Dual-Reserve Guardian Fund Scaling to $500M

Crypto exchange MEXC has acquired 1,000 BTC, establishing a dual-reserve structure of USDT for liquidity and Bitcoin for long-term holdings within its Guardian Fund, now expanding from $100M to $500M over two years. The purchase follows MEXC's May 13 announcement of plans to add the BTC reserve and publish on-chain proof-of-reserves, amid $271.6M net inflows through May 11. This move enhances transparency via public wallet addresses, bolsters user protection, and introduces modest institutional demand pressure on BTC amid rising platform deposits.