BitalkNews|Feb 02, 2026 09:05
Binance SAFU Fund Buys $100M Worth of BTC
On January 26, 2026, during an interview on Fox Business, Cathie Wood publicly questioned the recent weakness in Bitcoin, attributing it to Binance's software malfunction during the '1011 incident,' which triggered mass liquidations and sparked a trust crisis within the community toward Binance.
On January 30, 2026, Binance announced that it would convert $1 billion worth of stablecoins from the SAFU Fund into Bitcoin by February 28. They also pledged to automatically replenish the fund if its value drops below $800 million due to BTC price fluctuations.
On February 2, 2026, at 16:08, the Binance SAFU Fund directly transferred 1,315 BTC (approximately $100.7 million) from its hot wallet.
Address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
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