Binance reaffirmed its commitment to use the Secure Asset Fund for Users (SAFU) to acquire Bitcoin, aiming to strengthen user confidence in its reserves. CEO Changpeng Zhao stated that the timing for converting SAFU assets into BTC was ideal. On-chain data shows the SAFU BTC address currently holds 6,230 BTC, following a $250 million purchase of 3,600 BTC funded by stablecoins. The exchange plans to complete conversion of remaining SAFU assets into Bitcoin within 30 days of its January 30 announcement.