Binance's SAFU Fund Completes $1 Billion Bitcoin Purchase, Holding 15,000 BTC

Binance announced on February 12, through an official statement, the completion of the final purchase converting the 'SAFU' (Secure Asset Fund for Users) stablecoin assets into Bitcoin (BTC). This achievement was made within the 30-day timeframe initially promised. At the time of the final purchase, SAFU held 15,000 BTC, with the total cost amounting to approximately $1.005 billion, based on a BTC price of $67,000. This series of conversions began on February 6 with the purchase of 3,600 BTC, followed by 4,225 BTC on February 9, and 4,545 BTC on February 12. The SAFU Fund was established in July 2018 as an emergency...