Post
Topic
Board Speculation
Merits 7 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
xhomerx10
on 22/11/2023, 12:47:30 UTC
⭐ Merited by El duderino_ (5) ,nutildah (1) ,JayJuanGee (1)
SAFU ≠ safe

 SAFU - Secure Asset Fund for Users (an "emergency" fund)

 It's a mix of Bitcoin, Binance tokens, some USD Tether and some TrueUSD tokens

 Current value is ~$1billion (60% of which is denominated in Bitcoin)


 Supposedly created in 2018 though (from what I see) the bulk of the transfers seemed to happen about a year ago.

https://blockchair.com/bitcoin/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD