Wu Blockchain (@WuBlockchain): Binance announced that it will adjust the asset structure of its SAFU Fund, gradually converting the original $1 billion stablecoin reserves into Bitc…
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Binance announced that it will adjust the asset structure of its SAFU Fund, gradually converting the original $1 billion stablecoin reserves into Bitcoin reserves, with the conversion to be completed within 30 days from the date of this announcement. Binance will regularly review the SAFU Fund's asset value. If, due to Bitcoin price fluctuations, the fund's market value falls below $800 million, Binance will replenish it with additional Bitcoin to restore the fund to $1 billion. https://x.com/binancezh/status/2017089622614970421?s=20