bitcoin ·
$580 million spent: Binance used half its SAFU bitcoin fund
Data indicates that Binance has expended fifty percent of its SAFU bitcoin holdings, amounting to approximately $580 million.
The exchange has not provided a timeline for replenishing the fund, which is currently situated beneath the $800 million threshold stipulated by Binance's internal guidelines for initiating a top-up.
Earlier coverage
Reported by CoinDesk.
