Binance's SAFU fund adds $100M in Bitcoin

An address belonging to Binance's Secure Asset Fund for Users (SAFU) withdrew 1,315 BTC, worth approximately $100.54 million, from the exchange a short time ago, Whale Alert reported. The move follows a previous announcement from Binance that it would gradually convert its $1 billion stablecoin holdings within the SAFU fund into Bitcoin.