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Binance Starts $1 Billion SAFU Conversion With Initial $100 Million Bitcoin Purchase
Binance has begun converting its $1 billion SAFU fund into Bitcoin, completing an initial $100,000,000 purchase of BTC from stablecoins. The exchange shared the SAFU Bitcoin address and confirmed the first batch of the conversion, signaling a public reserve-boosting move after Bitcoin fell more than 38% from its October 2025 all-time high of $126,198. The full conversion is expected to continue over the coming weeks as the platform seeks to reinforce user confidence.