Binance's SAFU fund has purchased 1,315 BTC, corresponding to $100.7 million, a transaction recorded 25 minutes ago.

Transaction details

On-chain records indicate funds moved into an address linked to the SAFU reserve, increasing the fund's bitcoin holdings by 1,315 BTC in a single transfer.

The reported monetary value of the acquisition equals $100.7 million at the prices cited when the transaction was posted, matching the disclosed amount.

About SAFU

SAFU stands for Secure Asset Fund for Users and serves as Binance's emergency reserve designed to protect users in exceptional circumstances.

The fund is periodically adjusted through allocations or market purchases to maintain available liquidity for potential compensations or insurance needs.

Context and available information

The purchase was noted as occurring 25 minutes prior to the report; no additional operational details, counterparties or timestamps were provided with the initial notice.

Market observers typically track such reserve transactions to assess custodial liquidity and institutional buying patterns, though no further implications were specified here.