Binance Completes $1B SAFU Fund Conversion to Bitcoin
Binance Completes $1B SAFU Fund Conversion to Bitcoin
🔐 Binance's billion-dollar bet

Binance has completed its conversion of the SAFU fund's $1 billion stablecoin reserves into Bitcoin, finishing the transition within the promised 30-day timeframe.
Key Details:
- Final purchase: 4,545 BTC
- Total SAFU holdings: 15,000 BTC (valued at $1.005B at $67,000 per BTC)
- SAFU BTC address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
- Latest transaction
The conversion was executed in four tranches over 12 days, starting with 2,630 BTC on February 2nd and concluding on February 12th.
Binance stated the move reinforces their view of Bitcoin as the premier long-term reserve asset. The SAFU fund will undergo regular rebalancing, with Binance committing to replenish it to $1B if market movements cause it to fall below $800M.
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An open letter to the crypto community 💛 During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance. As a global industry leader, we hold ourselves to elevated standards and continually improve based on feedback from
#Binance SAFU Fund Asset Conversion progress update. Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: blockchain.com/en/explorer/tr… We’re continuing to
#Binance SAFU Fund Asset Conversion – Final Update Binance has successfully completed the final tranche purchase of 4,545 BTC, finalizing the $1 billion transition of SAFU stablecoin reserves into Bitcoin. This transition was completed within 30 days of the initial
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