Recently, according to the latest data from the blockchain monitoring platform Arkham, an associated address of the Binance SAFU Fund made another move, acquiring 3,600 Bitcoin (BTC), which is estimated to be worth as high as $233 million at the current market price.
SAFU Fund Movements Spark Market Attention
As a user protection fund established by Binance to handle extreme market risks, every on-chain action of SAFU attracts significant attention. This purchase is seen by the industry as a further reinforcement of market confidence.
Bitcoin Holding Distribution Trends
Data indicates that the fund has repeatedly increased its Bitcoin holdings during market volatility in recent weeks, reflecting its recognition of the long-term value of crypto assets. Meanwhile, this move could also suggest that the platform is preparing for potential market fluctuations.
- Transaction Size: 3,600 BTC
- Current Valuation: Approximately $233 million
- Transaction Time: Recent on-chain records updated
Although there is no official disclosure regarding the background of this transaction, analysts note that such large-scale adjustments in holdings are typically related to risk reserve strategies.