#binance #hype #zec #near
30/01/26 04:21 UTC-04

Binance to buy $1 billion worth of bitcoin for stabilization fund

The Binance exchange will purchase bitcoin worth $1 billion for the SAFU stabilization fund, which was established in 2018.

The editorial team of Happy Coin News learned that the trading platform plans to exchange the USDC stablecoins (USDC) held in SAFU, valued at nearly $1 billion, for BTC. If, due to a decline in cryptocurrency prices, the value of the assets in the fund falls below $800 million, the company will rebalance the assets so that their value returns to $1 billion.

Being confident that BTC is a key element of the cryptocurrency ecosystem and will retain its value in the long term, Binance employees will support the digital asset industry during market cycles and periods of uncertainty by systematically allocating resources to the cryptocurrency sector, the exchange’s representatives noted.

SAFU is funded by trading fees earned by Binance and serves as a reserve fund created to protect the company’s clients’ funds. The name of the fund originates from the title of a meme video uploaded to YouTube in 2018, Funds Are Safu, meaning that the assets are safe.

USDC stablecoins on SAFU’s balance sheet

Binance has not yet converted USDC into BTC, likely due to the renewed bearish trend, which threatens to push the bitcoin price lower (currently $82,592). It is quite possible that the exchange’s staff will wait until the coin’s price reaches a bottom and then purchase the cryptocurrency for the stabilization fund so that the value of the reserves increases during a rebound.

See also: "Crypto exchange Coinbase is conducting internal testing of the USDF stablecoin"

#Buy #Binance #Bitcoin (BTC)

Editor: Alyona Nabok
Comments

Similar

08/06/26 00:12 UTC-04

Grayscale Warns That Strategy May Struggle to Keep Buying Bitcoin

Strategy’s Bitcoin-buying model has come back under scrutiny after Grayscale warned that current share prices could limit its ability to continue accumulating. The concern emerged amid a Bitcoin sale, pressure from STRC dividends and doubts over whether Strategy can keep financing purchases without stronger investor demand.

02/06/26 13:24 UTC-04

Why Is Bitcoin (BTC) Falling? When Will It Reach Bottom?

After Bitcoin (BTC) surpassed the $82,000 mark during the first week of May, it once again entered a downward trend. As Bitcoin continues to trade below the $70,000 level, investors are questioning whether the local low of $60,000, recorded in February, will be tested again.

26/05/26 02:08 UTC-04

$1.26 Billion Bitcoin ETF Outflow Could Become a Buy Signal

U.S. spot Bitcoin ETFs experienced a fresh wave of outflows. Over five trading days, around $1.26 billion exited 11 funds — something the market usually interprets as a weak signal for $BTC. However, analysts at Santiment see it differently: such periods often create conditions for steady accumulation rather than panic.

25/05/26 03:51 UTC-04

Over the Last 10 Days, BTC Reserves on Binance Have Shown Continuous Net Inflows

Darkfost, an analyst from the cryptocurrency analytics platform CryptoQuant, shared important data regarding Bitcoin movements on the Binance exchange. According to the analyst, Binance’s $BTC reserves have shown continuous net inflows over the past 10 days. This indicates that investors are transferring more Bitcoin to the exchange, potentially increasing selling pressure.