Binance Initiates $100 Million Central Bank-Style Market Support As Bitcoin Bleeds

Binance has executed the first Bitcoin purchase under its newly announced $1 billion SAFU conversion plan, acquiring 1,315 BTC, valued at approximately $100.7 million. The purchase, coming just days after the repurposing of its SAFU fund to a Bitcoin reserve, comes as markets struggle through another bout of heavy selling pressure. Binance Makes a $100 The post Binance Initiates $100 Million Central Bank-Style Market Support As Bitcoin Bleeds appeared first on BeInCrypto.