On February 12, according to Arkham monitoring, the CEX SAFU fund address purchased an additional 4,545 BTC, worth $304.58 million. The CEX SAFU fund address now holds 15,000 BTC, valued at $1.005 billion. Previously reported, on January 30, CEX announced that it would gradually convert its $1 billion stablecoin reserve into Bitcoin, with a plan to complete the process within 30 days. If the market value drops below $800 million due to volatility, BTC will be added to restore the reserve to $1 billion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CEX SAFU Fund Address Buys 4,545 BTC Again
On February 12, according to Arkham monitoring, the CEX SAFU fund address purchased an additional 4,545 BTC, worth $304.58 million. The CEX SAFU fund address now holds 15,000 BTC, valued at $1.005 billion. Previously reported, on January 30, CEX announced that it would gradually convert its $1 billion stablecoin reserve into Bitcoin, with a plan to complete the process within 30 days. If the market value drops below $800 million due to volatility, BTC will be added to restore the reserve to $1 billion.