Key Takeaways Binance’s SAFU fund purchased $300 million in Bitcoin, increasing its total holdings to 10,455 BTC. The purchase is part of a planned $1 billion conversion of SAFU stablecoins to BTC over 30 days, with an $800 million rebalance safeguard. The move follows a sharp early-February Bitcoin selloff that highlighted exchange backstops and transparency concerns. Binance added 4,225 Bitcoins to its Secure Asset Fund for Users (SAFU) on Monday, converting about $300 million in stablecoins and ...