Binance SAFU Fund Reduces BTC Holdings by 15%, Plans Further Purchases to Maintain $1 Billion Target

SAFU Fund Adjusts Strategy Amid Market Volatility

Recent declines in Bitcoin prices have led to a 15% reduction in the value of BTC holdings within Binance's SAFU Fund, now valued at approximately $170 million. Despite this, the fund still holds $800 million in USDC and plans to continue buying during market dips to ensure total assets remain above $1 billion.

Fund Commitments and Market Confidence

As outlined at the fund's inception, if Bitcoin prices continue to fall, the SAFU Fund will actively purchase additional assets to maintain a minimum total value of $1 billion. This strategy aims to reinforce market confidence and ensure adequate liquidity for potential risk mitigation.

Future Outlook

• The fund will closely monitor market conditions and adjust its asset allocation accordingly.
• USDC reserves will serve as the primary tool for acquiring more BTC at favorable price levels.
• Binance has emphasized that SAFU Fund operations will remain transparent, with regular disclosures on portfolio changes.