Binance Completes $1 Billion SAFU Fund Conversion into Bitcoin

Multiple high-authority, official Binance communications confirm that the company allocated $1 billion to its SAFU Fund in Bitcoin. Several consistent announcements on Binance's official blog and Binance Square profiles explicitly state that the SAFU Fund’s reserve, valued at $1 billion, was converted from stablecoins into Bitcoin, with specific details provided such as quantities purchased, average prices, and cumulative holdings. While some updates mention individual purchase amounts below $1 billion, these are part of a series of transactions contributing to the total $1 billion allocation. The consistency across official sources, combined with the direct statements from Binance confirming completion of the $1 billion Bitcoin purchase for the SAFU Fund, make it highly probable that the statement is true. There is no credible contradictory evidence found among the provided primary sources.