Binance SAFU Fund Bitcoin acquisition for enhanced cryptocurrency user security.
Blockchain News

Strategic Move: Binance Allocates $300 Million to Bitcoin for Enhanced SAFU Fund Security

Global, May 2025: In a significant reinforcement of its financial safeguards, cryptocurrency exchange Binance has executed a major strategic acquisition, purchasing 4,225 Bitcoin (BTC) at a cost of approximately $300 million. This substantial allocation directly bolsters the exchange’s Secure Asset Fund for Users (SAFU), increasing its Bitcoin holdings to 10,455 BTC. The move underscores a […]