Bitcoin Drop Shrinks Binance SAFU Fund BTC Holdings by 15%, Still Holds $800M in USDC

Binance SAFU Fund Impacted by Bitcoin Price Drop

As of February 6, recent on-chain data revealed that the Binance SAFU Fund's BTC holdings have lost 15% in value due to the ongoing decline in Bitcoin's price, with the current valuation standing at approximately $170 million.

Over $800 Million in USDC Still Available

Despite the reduction in BTC holdings, the fund still maintains $800 million in USDC reserves. According to the fund’s initial commitment, these funds will be gradually deployed to purchase additional BTC, ensuring the total asset value remains above $1 billion.

Mission and Strategy of the SAFU Fund

The SAFU Fund was established to manage potential market risks and safeguard user assets. In response to the current market volatility, the fund will continue executing its original strategy of reinvesting to maintain financial stability.