PANews reported on February 9th that Binance confirmed on its X platform that it has completed the purchase of 4,225 Bitcoins, worth $300 million in stablecoins, for the SAFU Fund. The Binance SAFU Bitcoin address now holds 10,455 BTC. Binance will continue to increase its Bitcoin holdings for the SAFU Fund, aiming to complete the asset conversion within 30 days of the original announcement. Further updates will be shared with the community in a timely manner.
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