Binance has completed a $1 billion purchase of Bitcoin for its Secure Asset Fund for Users (SAFU), acquiring a total of 15000 BTC at an average price. The move strengthens SAFU’s reserves and highlights Binance’s continued use of Bitcoin as a reserve asset. SAFU is Binance’s fund designed to protect users in emergencies, and this sizable acquisition demonstrates the exchange’s commitment to safeguarding customer assets. The development could influence market sentiment as investors monitor large-scale BTC purchases by leading exchanges.
Binance completes $1B Bitcoin purchase for SAFU, acquiring 15000 BTC
Binance has completed a $1 billion Bitcoin purchase for its Secure Asset Fund for Users (SAFU), acquiring 15000 BTC at an average price.
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