Binance announced it completed the final purchase of 4,545 BTC, concluding a $1 billion conversion of SAFU stablecoin reserves into Bitcoin. CEO Changpeng Zhao dismissed criticism as FUD and framed the move as strategic reserve management.
Binance announced it has added 1,315 BTC to its SAFU fund as part of a plan to convert $1 billion of reserves from stablecoins into Bitcoin after the recent market downturn. The move increases the exchange’s emergency insurance pool and signals continued institutional support for BTC.