Binance's "$1 Billion Bitcoin Purchase" Fund Address Has Not Seen Any Buy-in Action Yet

BlockBeats News, February 2nd. On January 30th, Binance announced that it would gradually convert its original $1 billion stablecoin reserve into Bitcoin, with the funds coming from the SAFU fund, and the conversion is expected to be completed within 30 days.

However, on-chain data shows that three days have passed since the announcement was made, and there has been no buying activity at the SAFU fund address. This situation may be related to the weekend node.