News Explorer — Binance Now Holds $1 Billion Worth of Bitcoin in 'SAFU' Fund

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Feb 12, 11:00 am

Coindesk

Binance Now Holds $1 Billion Worth of Bitcoin in 'SAFU' Fund

Binance has successfully converted its Secure Asset Fund for Users (SAFU) entirely into bitcoin, completing a $1 billion transition from stablecoin reserves. The fund now holds 15,000 BTC valued at approximately $1.005 billion, with a pledge to replenish if its value drops below $800 million.

Binance has successfully converted its Secure Asset Fund for Users (SAFU) entirely into bitcoin, completing a $1 billion transition from stablecoin reserves. The fund now holds 15,000 BTC valued at approximately $1.005 billion, with a pledge to replenish if its value drops below $800 million.

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