Update on the progress of the conversion of assets from Binance's SAFU fund.

Binance has completed the first batch of conversion to Bitcoin for the SAFU fund, for an amount equivalent to 100 million USD in stablecoins.

SAFU BTC Address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD

TXID (Transaction ID): https://www.blockchain.com/en/explorer/transactions/btc/b1231fa059a73d7408a0f40fdc41f603d16f520609a4890ee33763a294385490

Binance continues to acquire Bitcoin for the SAFU fund, aiming to complete the fund's conversion within 30 days of the initial announcement.

We will share updates with the community as soon as they are available.