BINANCE SAFU Fund Created To Protect User Assets Has Purchased Bitcoin Again...$BTC
Binance SAFU fund, built to safeguard user funds, keeps growing its Bitcoin holdings.
Recent data shows the SAFU Fund has added another 4,225 BTC, valued at around $299.6 million. This brings its total Bitcoin balance to 10,455 BTC, now worth roughly $734 million at current market prices.
This move represents a major step forward in Binance’s earlier commitment to build a $1 billion Bitcoin reserve.
Data shows that 73.4% of the target has now been reached, once again highlighting Binance’s steady, step-by-step approach to reinforcing user security.
The released figures indicate that the SAFU Fund’s Bitcoin acquisitions had an average purchase price of $70,213.68 per BTC.
The fund’s current holdings show an unrealized profit of about $3.41 million based on market prices, suggesting that despite short-term ups and downs, it is slightly in the positive.
Historically, the SAFU Fund has been one of Binance’s key protections for users during market turmoil and security concerns. This latest purchase has reignited market attention on Binance’s reserve transparency and its long-term Bitcoin plans.