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Binance replenished its insurance fund with $300 million in bitcoin
The company reported that it spent $300 million to purchase a new batch of bitcoin, increasing the fund’s volume to 10,455 BTC. The average purchase price per 1 BTC was $70,403.
“We continue acquiring the asset for the SAFU fund, aiming to complete its conversion within 30 days from our initial announcement,” exchange representatives explained.
Binance emphasized that the latest purchase of the leading cryptocurrency is not a demonstration of trading capability, but a decision intended to preserve the fund’s security and stability.
SAFU was created in July 2018 to protect exchange clients’ funds in case of emergencies: hacker attacks, platform failures, and other unforeseen incidents.
SAFU is funded by allocating a percentage of Binance’s trading fees — initially, nearly 10% of the fees were directed to the fund. SAFU is managed by the clearing firm Nest Clearing and Custody.
Earlier, analysts at CryptoQuant reported that Binance surpassed all other centralized platforms in terms of bitcoin and altcoin trading volume, as well as user activity.
See also: "Bitget Recorded 45.5% Growth Among Leading Crypto Exchanges in 2025"
