Binance Completes $1B SAFU Bitcoin Purchase at Average Price Near $70,000

Binance has completed a $1 billion Bitcoin purchase for its Secure Asset Fund for Users (SAFU), acquiring a total of 15,000 BTC at an average price of approximately $70,000, according to on-chain analyst Yu Jian.The purchases were executed in multiple tranches, reflecting a staggered accumulation strategy amid market volatility. The breakdown disclosed by Yu Jian is as follows:1,315 BTC for $100 million at $76,0451,315 BTC for $100 million at $76,0453,600 BTC for $250 million at $69,4444,225 BTC for $300 million at $71,0064,545 BTC for $300 million at $66,006The final tranche was executed at the lowest price, pulling the blended average close to $70,000.