Binance has officially completed the conversion of its SAFU fund into 15,000 BTC, finalizing the $1 billion transition within 30 days of its initial announcement.
The final tranche included 4,545 BTC, bringing total holdings to 15,000 BTC. At a Bitcoin price of $67,000, the fund is now valued at approximately $1.005 billion.
If BTC volatility pushes the fund below $800 million, Binance has committed to rebalancing it back to $1 billion. This move positions Bitcoin as the exchange’s primary long-term reserve asset and reinforces institutional confidence in BTC as collateral.
Written by maartunn
