🚨 SAFU Update: How much Bitcoin has Binance bought?
By now, everyone knows Binance is converting its $1 Billion SAFU Fund into Bitcoin. But here is the "real-time" update on the 30-day buying plan:
📊 The Numbers Right Now:
Binance is buying slowly to keep the market stable. They aren't finished yet!
Target: $1 Billion in $BTC .
Done: Around $740 Million is already converted.
Remaining: About $260 Million left to buy in the coming days.
💡 Why the "Slow" approach?
Instead of buying all at once, Binance is using a 30-day window. This prevents a sudden price "pump" and allows them to buy during market dips.
🛡️ What if Bitcoin drops?
Don't worry about the volatility. Binance has a strict rule:
If the fund value drops below $800 Million due to price changes, Binance will add more funds to bring it back to $1 Billion.
The Takeaway: This move shows Binance isn't just talking—they are actively backing their safety net with the world's strongest crypto asset.
Do you think more exchanges should follow Binance’s lead and hold $BTC reserves instead of stablecoins?