Binance buys dip with first $100M Bitcoin purchase from $1B SAFU fund

[Floxynice]

All I see is a strategic investor who understands the market dynamics. They have done it before in the past, it is never a coincidence now that they are willing to take the risks because they know the rewards that awaits them in the future. Binance is positioning for the next full cycle. They have perfectly timed themselves for this very purpose. We should be asking why they choose now to convert the $1B SAFU fund to btc. That is because the price of bitcoin now is deeply discounted. Yea, a lesson well learned

[Asuspawer09]

I mean it just too much of a good opportunity for them and would benefit them a huge lot when they buy this dip, When the market is dropping it's price the platform is already losing money since the crypto is losing value as well, we already see a lot of platform go down on dips because they just can't support it anymore, when all of the cryptocurrency is dropping this already fear a lot of the user's in the platform meaning cash flow and users are also going to drop in the platform, so they are losing both.

Just Binance buying the dip is going to help them a huge lot, they are already investing so buying the dip for sure is going to increase the portfolio even more, Boost the user's moral slightly putting the market price to back up, they are saving more user's from fear and selling, meaning they are sustaining even more investments and more funds in the platform. I mean it was a good opportunity to buy low or buy crypto in a huge discount, it was a risk business to begin with.

[coupable]

Binance is not in any way acting to protect investors confidence in the Bitcoin market, but rather binance taking advantage of the recent Bitcoin price dip to bag up more Bitcoin to their portfolio, this is what most big cryptocurrency companies with large liqudities in stable coins so each time of the bear market, they always buy the dip and wait.

They are cleverly exploiting the situation. On the one hand, they are supporting investments in bitcoin by buying at the dip, taking advantage of the market decline regardless of all other reasons. On the other hand, they are using this to market themselves as loyal company to their investor but also to bitcoin philosophy. I can admit that this is a clever action from binance as it was able to do the mission behind scenes. Now see the advantage for this to its reputation.