Binance Stacks More Bitcoin as SAFU Fund Holdings Reach 10,455 BTC

• Binance SAFU fund bought another 4,225 BTC worth about $300 million.
• Total SAFU Bitcoin purchases now stand at 10,455 BTC worth $734 million.
• Binance plans to convert SAFU reserves into a $1 billion Bitcoin allocation.

The SAFU (Secure Asset Fund for Users) reserve of Binance has purchased an additional 4,225 Bitcoin worth about $300 million, bringing the fund’s total acquisitions to 10,455 BTC, valued at roughly $734 million. The purchases are part of the exchange’s broader plan to convert the SAFU fund into approximately $1 billion worth of Bitcoin over the next 30 days.

Binance also said it will continue buying Bitcoin if the value of the reserve drops below $800 million, effectively maintaining a long-term allocation close to the $1 billion level. The shift marks a change from holding SAFU reserves partly in stablecoins to maintaining a permanent Bitcoin-ba…

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