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Binance SAFU buys $100 million worth of Bitcoin

Source
Uk Jin

Summary

  • Binance, the world’s largest exchange, said it bought 1,315 Bitcoin (about $101.1 million) through SAFU.
  • Binance said it executed the Bitcoin purchase using its user protection fund, SAFU.
  • Binance said, “We have completed the first Bitcoin conversion of the SAFU fund,” and that it will “continue purchasing Bitcoin for the SAFU fund.”
Photo=Arkham Intelligence capture
Photo=Arkham Intelligence capture

Binance, the world’s largest exchange, has executed a Bitcoin (BTC) purchase.

According to Arkham Intelligence on the 2nd (Korea time), Binance bought 1,315 Bitcoin (about $101.1 million) through its user protection fund, “SAFU.”

Binance said on X (formerly Twitter), “We have completed the first Bitcoin conversion of the SAFU fund,” adding that it will “continue purchasing Bitcoin for the SAFU fund.”

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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