Binance SAFU Fund Address Buys Another 4225 BTC Worth $299.6 Million

BlockBeats News, February 9th, according to Arkham's monitoring, the Binance SAFU Fund address once again bought 4,225 BTC, worth $299.6 million. The Binance SAFU Fund address now holds 10,455 BTC, worth $741.39 million.

Previously reported, on January 30th, Binance announced that it would gradually convert its original $1 billion stablecoin reserves into Bitcoin, with the plan to complete the process within 30 days. If the value falls below $800 million due to market fluctuations, BTC will be added to restore the balance to $1 billion.