Binance adds $300M in BTC to SAFU; fund tops $720M after 4,225 BTC buy
Binance added 4,225 BTC worth $300 million to its SAFU wallet on Monday, pushing the reserve's value above $720 million. The move is part of a plan announced on Jan. 30 to convert the $1 billion user protection fund to Bitcoin, with completion targeted within 30 days. The shift increases exposure to BTC price volatility.