Binance Completes First Batch of SAFU Fund Asset Purchases, Acquires $100 Million in Bitcoin

Odaily News Binance announced that it has completed the first batch of asset conversions for the SAFU fund, spending $100 million in stablecoins to purchase Bitcoin. The Bitcoin address for Binance's SAFU fund is 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD. Binance will continue to use the remaining SAFU fund to purchase Bitcoin, aiming to complete the process within 30 days of the initial announcement.