Binance SAFU Fund Completes $1 Billion Bitcoin Purchase Plan

BlockBeats News, February 12th, as today, the Binance SAFU fund address once again purchased 4545 BTC, worth $304.58 million. The Binance SAFU fund has completed its $1 billion Bitcoin purchase plan, currently holding 15,000 BTC, worth $1.005 billion.

Previously reported, on January 30th, Binance announced the gradual conversion of its original $1 billion stablecoin reserves into Bitcoin, with the plan to be completed within 30 days. If the market value falls below $800 million due to fluctuations, BTC will be replenished to restore the $1 billion.