📌 TODAY: Binance confirmed it has added 1,315 $BTC (~$101M) to its Secure Asset Fund for Users (SAFU) at an average price near $76.8K per BTC.

This move is part of a broader strategy to gradually rotate SAFU’s ~$1B stablecoin reserves into Bitcoin. The transfer was observed on-chain from a Binance hot wallet to a dedicated SAFU address, indicating an internal treasury reallocation rather than a public spot-market purchase.

The allocation occurred during a recent market dip, with $BTC briefly trading below $75K before stabilizing in the $77K–$78K range. The shift highlights Binance’s long-term view of Bitcoin as a core reserve asset within the crypto ecosystem.

As always, on-chain data and fund movements should be interpreted within the broader market context.

#BTC #Bitcoin #Binance #safu #CryptoMarket #OnChainData #BinanceSquare #DYOR $BTC

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