Binance SAFU Fund Buys $300M in Bitcoin: Did They Nail the Bottom?

The market’s been choppy, but the world’s largest exchange is stacking Bitcoin for its reserves. Binance just scooped up another $300 million in BTC (4,225 coins) for its SAFU fund, pushing total holdings to 10,455 BTC ($734M at current prices). This acquisition marks a major step in their plan, announced in late January 2026, to convert $1 billion in stablecoin reserves into Bitcoin within 30 days. The initiative is now 73% complete, with an average purchase price of approximately $70,214 per BTC. Did ...