Binance attacks the dip like a shark!
Buys 3,600 BTC for $250M for the #safu and raises its reserves to 6,230 BTC in the midst of the crypto storm.
#Binance completed the acquisition of 3,600 #BTC for the SAFU Fund, using stablecoins worth approximately $250 million (mainly USDT/USDC), at an effective average price of around $69,444 per BTC.
The public wallet now contains a total of 6,230 BTC, at a current value of the BTC holdings in SAFU of $412.89M.
This is the third large purchase in a week (after 1,315 BTC for $100M each in previous batches), as part of the plan announced at the end of January 2026 to convert $1.000 billion of SAFU reserves (previously mostly in stablecoins) to Bitcoin within a period of 30 days.
Binance seeks to diversify and strengthen the user protection fund with BTC as a long-term reserve asset, with an additional commitment that if the value of the fund falls below $800M due to volatility, Binance will replenish it up to $1.000M.
#CryptoNews #SAFU🙏
$BNB
$BTC
$ASTER
Buys 3,600 BTC for $250M for the #safu and raises its reserves to 6,230 BTC in the midst of the crypto storm.
#Binance completed the acquisition of 3,600 #BTC for the SAFU Fund, using stablecoins worth approximately $250 million (mainly USDT/USDC), at an effective average price of around $69,444 per BTC.
The public wallet now contains a total of 6,230 BTC, at a current value of the BTC holdings in SAFU of $412.89M.
This is the third large purchase in a week (after 1,315 BTC for $100M each in previous batches), as part of the plan announced at the end of January 2026 to convert $1.000 billion of SAFU reserves (previously mostly in stablecoins) to Bitcoin within a period of 30 days.
Binance seeks to diversify and strengthen the user protection fund with BTC as a long-term reserve asset, with an additional commitment that if the value of the fund falls below $800M due to volatility, Binance will replenish it up to $1.000M.
#CryptoNews #SAFU🙏
$BNB
$BTC
$ASTER
