Binance SAFU Fund Accumulates Another 10,455 Bitcoin 📰
Binance’s SAFU (Secure Asset Fund for Users) has reportedly purchased an additional 4,225 Bitcoin ($299.6M), bringing its total recent acquisitions to 10,455 Bitcoin ($734M).
The SAFU fund is designed as an emergency insurance reserve to protect users in extreme scenarios. Increasing BTC reserves may indicate a strategic shift toward strengthening on-chain asset backing and transparency.
Reserve allocations like these reflect how major exchanges manage risk and user protection in volatile market 🙌
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