Binance Bitcoin conversion second batch completes, acquiring $100M in BTC from stablecoins for the SAFU, securing user funds.

Binance announced the second BTC purchase for its SAFU fund. The exchange plans to swap $1B in stablecoins for BTC.

As the bitcoin price slumps, Binance said it will convert the $1 billion stablecoin-backed Secure Asset Fund for Users entirely into bitcoin over the next 30 days.

Crypto exchange Binance acquires 1,315 BTC for SAFU Fund as part of $1 billion plan to convert stablecoins into Bitcoin after ...

Binance will convert its $1 billion SAFU user protection fund from stablecoins into Bitcoin, increasing BTC exposure for an emergency backstop designed for extreme events.

Binance will move its entire $1 billion user protection fund into Bitcoin over the next 30 days. The exchange said it will ...

The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin ...

Based on its monster past performance, it makes sense why investors are interested in Bitcoin.