Binance SAFU Fund Address Buys Another 3600 BTC

BlockBeats News, February 6th, according to Arkham Monitor, the Binance SAFU Fund address once again purchased 3600 BTC, currently worth $233 million. The Binance SAFU Fund address now holds 6230 BTC, worth $403 million.

Earlier report, on January 30th, Binance announced that it would gradually convert the original $1 billion stablecoin reserve into Bitcoin, a process scheduled to be completed within 30 days. If the market value falls below $800 million due to volatility, BTC will be replenished to restore the $1 billion.