Binance SAFU Fund's BTC floating loss narrows to 2.7%, with USDC reserves remaining at $550 million

On February 8th, on chain data showed that as the price of Bitcoin rebounded above $70000, the Binance SAFU fund had previously spent $450 million to buy 6230 BTC worth $437.7 million, narrowing its floating loss to 2.7%. At present, the USDC reserve of the fund still has $550 million remaining and will continue to be purchased to maintain a position value of over $1 billion.