On February 12, along with the CEX SAFU fund address purchasing another 4,545 BTC today, valued at $304.58 million. The CEX SAFU fund has completed a $1 billion Bitcoin purchase plan and currently holds 15,000 BTC, worth $1.005 billion. Previously reported, on January 30, CEX announced that it would gradually convert its original $1 billion stablecoin reserve into Bitcoin, with a plan to complete it within 30 days. If the market value drops below $800 million due to volatility, BTC will be added to restore the total 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 has completed a $1 billion Bitcoin purchase plan.
On February 12, along with the CEX SAFU fund address purchasing another 4,545 BTC today, valued at $304.58 million. The CEX SAFU fund has completed a $1 billion Bitcoin purchase plan and currently holds 15,000 BTC, worth $1.005 billion. Previously reported, on January 30, CEX announced that it would gradually convert its original $1 billion stablecoin reserve into Bitcoin, with a plan to complete it within 30 days. If the market value drops below $800 million due to volatility, BTC will be added to restore the total to $1 billion.