> For the complete documentation index, see [llms.txt](https://docs.bound.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bound.money/protocol/proof-of-reserves.md).

# Proof of Reserves

## Bitcoin Runes Treasury

### Multisig Wallets

**Bitcoin (BTC)**

* **Available reserves: `bc1pkg6r6s0yevd465utaumyj5qf3dwgchzx83w4hlje776hk4qc9zus8dvn38`**
* **Offline reserves:** `bc1phr6t5mw4d58mqu9nd0gp9c9hfxe60wksdg5dxn330l75ucnpc56qatke8a`

**Ethereum (ETH)**

* **Available reserves:** `0x1c51243C0aCFA2fBB2E06bfc2b9066C96Ff6d604`
* **Offline reserves:** `0x00DA6e7A5Cd24bC1a79D0175fFB5724f8524F62f`

***

###  bUSD Token Overview

* **Symbol**: BUSD•STABLECOIN
* **Total Supply**: 1,000,000,000,000 tokens (1 trillion)
* **Token Explorer**: [View on Ordiscan](https://ordiscan.com/rune/BUSDSTABLECOIN)

***

### Circulating Supply

**Formula**: `Circulating bUSD = Total Supply - BTC available reserves - BTC offline reserves`

***

### Backing Assets

* **Backing Tokens**:  USDC & USDT
* **Stored in**: ETH Vault and ETH Safe

**Formula**: `Backing USD = ETH available reserves + ETHoffline reserves`

*\*Amount exceeding 100,000 USD in the ETH available reserves are automatically sent to the offline reserves*

***

## Alkanes Treasury

### bUSD Token Overview

* **Symbol**: bUSD
* **Initial Supply**: 500,000 tokens
* **Token Explorer**: [View on Ordiscan](https://ordiscan.com/alkane/bUSD/2:56801)

### Multisig Wallets

**Bitcoin (BTC):** 

* **Available reserves (Alkanes supply):** [View on Ordiscan](https://ordiscan.com/address/bc1pkg6r6s0yevd465utaumyj5qf3dwgchzx83w4hlje776hk4qc9zus8dvn38/alkanes) 

**Ethereum (ETH):**

* **Available reserves:** `0x1c51243C0aCFA2fBB2E06bfc2b9066C96Ff6d604`
* **Offline reserves:** `0x00DA6e7A5Cd24bC1a79D0175fFB5724f8524F62f`