Binance Completes $1 Billion SAFU Shift to 15,000 BTC as CZ Rejects FUD Concerns

Binance has finalized the conversion of $1 billion in SAFU stablecoin reserves into Bitcoin, acquiring a total of 15,000 BTC within 30 days of its prior plan. The exchange says the fully BTC-denominated fund, valued at $1,005,000,000 at completion, is backed by a commitment to top it up if volatility pushes its worth below $800 million.