Binance Converts SAFU Reserves to Bitcoin with $100 Million Buy

• As part of Binance’s plan to shift SAFU currency from stablecoins to Bitcoin, it bought $100M BTC.
• Binance is on a 30-day schedule to convert up to $1 billion from its SAFU fund into BTC.
• Binance bought $100M BTC during a market dip, signaling confidence despite BTC falling below $73K.

Binance, the world’s biggest crypto exchange, bought $100 million worth of Bitcoin (about 1,315 BTC) as part of its plan to change the currency of its emergency customer fund, known as SAFU, from stablecoins to Bitcoin.

The acquisition was confirmed on-chain via data from Arkham Intelligence and Binance’s own wallet announcements.

This was the second such purchase this week, bringing the total Bitcoin in its customer protection fund to about 2,630 BTC, worth around $201 million. Binance is on a 30-day schedule to convert up to $1 billion from its SAFU fund into Bitcoin, showin…

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