Binance’s SAFU fund, created to protect user assets, continues to increase its Bitcoin reserves.
According to the latest information, SAFU Fund has purchased an additional 4,225 BTC, worth approximately $299.6 million. This purchase brings the fund’s total Bitcoin holdings to 10,455 BTC. Based on current prices, SAFU’s total BTC holdings are now worth approximately $734 million.
This development marks a significant milestone in Binance’s previously announced $1 billion Bitcoin reserve plan.
According to the data, 73.4% of this goal has been achieved so far. This once again demonstrates Binance’s commitment to a phased approach to strengthening user security.
According to the figures released, the average cost price for SAFU Fund’s Bitcoin purchases was calculated as $70,213.68 per BTC.
The fund’s current position carries approximately $3.41 million in unrealized profit compared to market prices. This indicates that, despite short-term fluctuations, the fund is currently in positive territory, albeit slightly.
SAFU Fund has historically stood out as one of Binance’s most important safeguards for protecting its users during various market crises and exchange security debates. This new acquisition has renewed market interest in both Binance’s reserve transparency and its long-term Bitcoin strategy.
*This is not investment advice.
