Overview
- A final purchase of 4,545 BTC worth about $305 million closed the conversion, according to Binance and Arkham Intelligence data.
- SAFU now holds 15,000 BTC valued at roughly $1.005 billion at the time of completion.
- The transition finished in under 13 days, beating the up-to-30-day window outlined in late January.
- Binance published the SAFU Bitcoin address and transaction IDs to enable on-chain verification of the transfers.
- The shift replaces stablecoin liquidity with a fully bitcoin-backed reserve that introduces price volatility to the emergency fund.