Binance SAFU Fund BTC Holding Unrealized Loss Narrows to 2.7%, Still $550 Million to be Bought

BlockBeats News, February 8th, according to on-chain data, as Bitcoin rebounded above $70,000, the Binance SAFU Fund spent $450 million to buy 6,230 BTC, currently worth $437.7 million, narrowing the unrealized loss to 2.7%.

Currently, its USDC fund reserve still has $550 million remaining, and will continue to buy more. According to the fund's initial commitment, if Bitcoin continues to fall, the SAFU Fund will keep buying to maintain its position value above $1 billion.