Binance Converts $1 Billion SAFU Fund Into Bitcoin

Binance has completed a major treasury shift by converting its entire $1 billion Secure Asset Fund for Users (SAFU) into Bitcoin. The exchange purchased 4,545 BTC in its final transaction, bringing the total SAFU holdings to 15,000 BTC. At a Bitcoin price of $67,000, the reserve is worth just over $1 billion. With this move, … source: https://coinpedia.org/news/binance-converts-1-billion-safu-fund-into-bitcoin/