Binance is preparing to purchase BTC worth 1 billion dollars through the SAFU fund.

Binance has announced its intention to convert the reserves of the SAFU fund from stablecoins into Bitcoin worth approximately 1 billion dollars over the next 30 days.

The exchange has promised to maintain the size of the fund: if fluctuations in the price of BTC push its value below the target level, Binance will take measures to restore it.

Today, the platform has already purchased 1,315 BTC for 100 million dollars, thus initiating the process of rebalancing the fund. $BTC #Binance #BTC