Binance Transfers 1,315 Bitcoin to SAFU Fund Ahead of $1 Billion BTC Purchase Plan

Cryptocurrency exchange giant Binance has made a significant move by transferring 1,315 Bitcoin (BTC) into its Secure Asset Fund for Users (SAFU). This transaction, valued at approximately $80 million, underscores the platform's ongoing commitment to user protection. The SAFU fund, an emergency insurance reserve established in 2018, is designed to cover potential losses from extreme events like hacks or system failures. This transfer coincides with Binance's previously announced strategy to allocate 10% of its trading fees into a dedicated wallet to accumulate $1 billion worth of Bitcoin over time. Analysts view this dual action—bolstering the insurance fund while executing a large-scale buy plan—as a strong signal of confidence in Bitcoin's long-term value and the exchange's financial health. The move highlights Binance's proactive risk management and its strategic accumulation of the leading cryptocurrency.