Binance SAFU Bitcoin value exceeds $1.27 billion, CZ responds that it may be pure luck

Wu said he learned that according to crypto YouTuber MartiniGuyYT, the current value of Bitcoin held by the Binance Investor Protection Fund (SAFU) has exceeded US$1.27 billion. In February this year, Binance announced that it had completed the conversion of the SAFU fund from stablecoins to Bitcoin, spending US$1 billion to purchase 15,000 BTC at an average price of approximately US$66,667. As the currency price rises, the reserve currently has a floating profit of approximately US$270 million. In response to this, Binance founder CZ interactively responded: “This may be pure luck (Might be pure luck!)”.

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