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Binance Confirms Completion of SAFU Fund's First Bitcoin Purchase, $100 Million Bought This Time

2026-02-02 10:09

BlockBeats News, February 2nd, Binance released a statement confirming the completion of the first phase of SAFU Fund asset conversion, with $100 million spent on stablecoin to Bitcoin purchases. The Binance SAFU Fund BTC address is 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD.

Binance will continue to use the remaining SAFU Fund to buy Bitcoin, aiming to complete it within 30 days of the initial announcement.

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