Overview
- An additional 1,315 BTC was transferred to Binance’s SAFU reserve, bringing the total to 2,630 BTC valued at just over $201 million.
- The transfers are part of a 30‑day plan to convert $1 billion of SAFU assets from stablecoins into bitcoin.
- Binance has pledged to maintain the reserve at roughly $1 billion, with automatic replenishment if its value falls below $800 million.
- Arkham Intelligence data cited in coverage shows the latest 1,315 BTC batch, as crypto markets saw heightened volatility and liquidations.
- Created in 2018 and initially funded with 10% of trading fees, the SAFU pool is intended to protect users during extreme market events.