Headline: Binance completes $1B SAFU switch to Bitcoin, buying last 4,545 BTC in 30 days Binance has finished converting its $1 billion SAFU (Secure Asset Fund for Users) reserve from stablecoins into Bitcoin, purchasing the final tranche of 4,545 BTC and completing the move within 30 days of its initial announcement. The exchange says the SAFU Fund now holds 15,000 BTC — roughly $1.005 billion at the time of completion, using a Bitcoin price of $67,000. Binance disclosed the fund’s Bitcoin address and the transaction details in a post on X, underscoring transparency around the transfer. Binance framed the conversion as a vote of confidence in Bitcoin as a long-term reserve asset to protect users during extreme market events. The shift away from stablecoins marks a notable change for SAFU, which was set up (in 2018) as an emergency insurance pool focused on capital preservation and immediate liquidity in the event of security breaches or system failures. The conversion unfolded amid significant market volatility — sharp dips in Bitcoin prices followed by renewed accumulation — and reports said Binance traders stepped up dip-buying during the conversion window. Binance reiterated that SAFU purchases were executed gradually to minimize market impact and that the fund remains fully segregated from operational assets. With the process now complete, Binance confirms the $1 billion user-protection reserve is held entirely in Bitcoin — a strategic pivot that will likely prompt discussion about reserve composition, liquidity and risk management across the industry. Read more AI-generated news on: undefined/news