Binance Makes $100M Bitcoin Purchase from $1B SAFU Fund

Binance initiates its $1 billion SAFU fund conversion with a $100 million Bitcoin investment, moving user protection funds from stablecoins.

In a strategic move, Binance has begun converting its $1 billion SAFU fund into Bitcoin, starting with a significant purchase of $100 million. This decision marks a transition of user protection funds from stablecoins into the more volatile yet potentially rewarding Bitcoin.