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 ...

Binance, the world’s largest crypto exchange on trading volume metrics, announced plans to convert the entire $1 billion reserve of its Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the next 30 days. The move comes as markets reel from a $1.7 billion crypto liquidation wave and from up to $9 trillion in whiplash across assets. Binance To Convert $1 Billion SAFU Fund to Bitcoin: All You Need to Know The SAFU fund, established in 2018 and funded by Binance’s trading fee revenue, se ...