Finance
Binance Converts $1 Billion SAFU Reserve Fully Into Bitcoin, Completes 15,000 BTC Allocation
Binance has finalized the full conversion of its Secure Asset Fund for Users (SAFU) into bitcoin, completing a $1 billion shift that the exchange first announced last month. In a statement released Thursday, Binance confirmed it purchased a final tranche of 4,545 BTC, bringing the fund’s total holdings