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 holdings: 15,000 BTC (valued at $1.005B at $67,000/BTC)
- Timeline: Completed in four tranches over 30 days
- SAFU BTC Address
The exchange will rebalance the fund if Bitcoin's value drops below $800M, replenishing it back to $1B. This move represents Binance's commitment to Bitcoin as a long-term reserve asset and aligns the exchange's treasury strategy with the broader crypto ecosystem.
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#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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