Binance’s SAFU fund finished converting $1 billion into Bitcoin in February. The stack is 15,000 $BTC , bought at an average near $66,667. At about $84,750, that holding is worth about $1.27 billion. Unrealized gain is about $270 million. SAFU is the user protection fund, started in 2018. The $1 billion had been in stablecoins. Binance moved it into Bitcoin over 30 days and published the wallet. The last tranche was 4,545 $BTC , which took the fund to 15,000. the gain is a mark, not cash. Binance said it will rebalance if the fund’s market value falls under $800 million, and top it back to $1 billion. That floor is about $53,300 a coin. The profit only stays if price holds above the cost. a protection fund in Bitcoin rises and falls with the asset it is meant to insure. At $84,750 the cushion is $270 million. At the $800 million trigger, the cushion is gone and Binance has to add. The stack is 15,000. The rule is the part that matters. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Bullish $ZEC