🔥 #Binance officially transfers ~1 billion USD SAFU to Bitcoin!
Today, Binance sent an open letter to the crypto community, acknowledging that the volatile market affects them as well. But instead of remaining silent, Binance announced specific actions.
In 2025: Supporting 5.4 million users to avoid losing 6.69 billion USD due to scams.
Recovering more than 48 million USD for users with incorrect addresses (total history: 1.09 billion USD).
Cooperating with authorities to seize 131 million USD of illegal funds.
Proof of Reserves reaches 162.8 billion USD across 45 assets.
The biggest highlight: Binance will transfer the entire ~1 billion USD stablecoin in the SAFU fund to BTC in the next 30 days. If the price $BTC
drops causing SAFU to fall below 800 million USD, Binance will immediately top it up to maintain at 1 billion USD.
Saylor has reposted and emphasized:
"We believe Bitcoin is the foundational asset of this ecosystem and the premier long-term store of value."
Binance is showing strong confidence in BTC as a long-term reserve asset.
Do you think this move will help increase confidence in Binance and BTC? Comment below! 🙏🟠