Binance SAFU accumulating 15k BTC at ~$66.7k while the price sits near $81k shows strong collateralization logic. A 21.5% return on this $1B position isn't luck; it reflects disciplined execution. This accumulation strategy likely aims to stabilize reserves rather than chase short-term upside. Given the efficient cost basis, even if BTC retraces, the fund retains substantial buffer. It seems like a robust risk management play for the exchange.
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