Overview
- On-chain records show about 1,315 BTC worth roughly $100 million moved from a Binance-labeled hot wallet to a known SAFU address.
- The transfer did not touch external wallets or convert stablecoins, indicating an internal allocation rather than a market purchase.
- Binance announced a 30-day plan on Jan. 30 to reshape SAFU into a bitcoin-backed reserve totaling $1 billion.
- A BTC-denominated SAFU will fluctuate with price, and Binance has pledged to replenish the fund if its value slips below $800 million.
- Observers are watching for any subsequent open-market acquisitions, as internal reallocations reduce immediate buying pressure on bitcoin.