PANews reported on February 9th that, according to on-chain analyst @ai_9684xtpa, with the slight rebound in BTC, the unrealized loss on the 6,230 BTC purchased by Binance SAFU Fund has narrowed to $6.05 million.

Between February 2nd and February 6th, Binance purchased $434 million worth of BTC in three separate transactions at an average price of $69,740.79. The $1 billion purchase is now nearly halfway complete.