Binance buys $300 million Bitcoin for SAFU fund as price bounces — and it’s not done yet
Yahoo Finance·2026-02-09 18:56

Binance has purchased another 300millionworthofBitcoinforitsSecureAssetFundforUsersorSAFUfund.Andtheindustrystopcryptoexchangebyvolume,isntdonebuyingyet,despiteowning300 million worth of Bitcoin for its Secure Asset Fund for Users — or SAFU fund. And the industry’s top crypto exchange by volume, isn’t done buying yet, despite owning 740 million in Bitcoin. “We’re continuing to acquire Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days of our original announcement,” Binance announced in a post on X on Monday. Established by Binance in 2018, SAFU is an emergency cushion used to protect clients’ assets i ...

Binance buys $300 million Bitcoin for SAFU fund as price bounces — and it’s not done yet - Reportify