Binance buys dip with first $100M Bitcoin purchase from $1B SAFU fund
Binance kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC.
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Binance kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC.
Bitcoin price action headed toward the 2021 bull market highs as crypto traders warned over a future sub-$50,000 BTC price bottom.
Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.
The move follows Binance’s Jan. 30 announcement that it would shift the $1 billion SAFU fund toward bitcoin over a 30-day period.
Despite thousands of alternative tokens and institutional adoption, crypto markets in 2026 still largely move in lockstep with bitcoin, offering little real diversification.
The latest crash came after US President Donald Trump nominated Kevin Warsh to replace Federal Reserve chair Jerome Powell, sending Bitcoin down to $75,892 late on Sunday.
Bitcoin bear market history was "repeating," said BTC price analysis after key support failed and realized price flipped to new resistance.
Strategy’s ability to fund a large bitcoin purchase appears limited after a weak performance for the price of its common and preferred shares.
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