Binance Buys the Dip: $233M Bitcoin Boost for SAFU Fund

The post Binance Buys the Dip: $233M Bitcoin Boost for SAFU Fund appeared first on Coinpedia Fintech News

Binance has boosted its Secure Asset Fund for Users by adding $233 million in Bitcoin, acquiring 3,600 BTC, and bringing total holdings to 6,230 BTC, worth approximately $404 million. This marks the third significant purchase in days, totaling nearly $430 million. The move is part of a strategy announced on January 30 to gradually convert SAFU reserves from stablecoins into Bitcoin amid market dips, reflecting strong confidence in BTC as a long term reserve asset.