Markets & MacroAnalysis
Binance has spent half its SAFU bitcoin: about 7,500 BTC left on-chain, with no date for a refill
The SAFU wallet Binance publishes sent out 7,500 bitcoin on October 31, cutting its balance from 15,000 BTC in February to about 7,500 BTC, worth roughly $575 million at the November 3 afternoon price. Binance has pledged to restore the fund to about $1 billion but has not said when. BlockBlah separates what the chain shows, what Binance has said, and what is still unknown.