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Binance Security Fund Acquires 1,315 Bitcoin as Reserves Are Rebalanced
According to the latest blockchain tracking from Lookonchain, Binance's SAFU (Secure Asset Fund for Users) has acquired 1,315 Bitcoin valued at over $100.7 million. The digital assets were transferred to a new recipient address (1BAuq…WQkD), separate from the main SAFU reserve wallet holding $1 billion in USDC at address 0x420e…c104.
This reserve adjustment move demonstrates Binance's commitment to strengthening user protection funds by increasing exposure to key cryptocurrencies. The separation of wallet addresses reflects a more segmented risk management strategy, ensuring optimal diversification within the SAFU Fund portfolio to protect the interests of the Binance user community.