Today, February 12, Binance has completed the conversion of its SAFU fund from $1,000 million to Bitcoin ๐ .
The final purchase of 4,545 BTC (valued at ~$304M) leaves the fund with a total of 15,000 BTC.
๐ Why does it matter?
1. Institutional trust: Binance chooses BTC as an emergency reserve asset, not stablecoins or BNB.
2. Reduced supply: There are 15,000 BTC permanently out of the circulating market (unless the fund drops below $800M).
3. Key moment: This happens with BTC at ~$67K and analysts debating whether it's the bottom of the cycle.
๐ The Mayer Multiple shows levels seen only in 5.3% of Bitcoin's history. Literally, "it's cheap".
๐ Do you think this Binance move is the signal we were waiting for? I'm listening.
#Bitcoin #Binance #safu #BTC $BTC $SAFE
