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

Binance has purchased another $300 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 ...