Binance SAFU completes $1B BTC conversion with final $300M purchase

Binance's Secure Asset Fund for Users (SAFU) has purchased an additional 4,545 BTC, valued at $300 million, according to Onchain Lens. This transaction completes the exchange's previously announced plan to restructure the fund's assets by gradually converting its $1 billion stablecoin holdings into Bitcoin. The SAFU fund now holds 15,000 BTC, worth $1.005 billion.