Binance SAFU Fund Sees $221M Unrealized Gain on 15,000 BTC Acquisition

Binance's SAFU fund has accumulated a significant amount of Bitcoin over the past few weeks.

The fund acquired 15,000 BTC between February 2 and 12 at an average cost of $66,666.66, totaling around $1 billion in value.

However, with the recent price increase to near $81,000 per coin, the SAFU fund's holdings now reflect a substantial unrealized gain of approximately $221 million, representing a return of 21.5%.

The final tranche of 4,545 BTC was completed recently without any significant visible impact on prices during the buying window.