According to @binance, it completed the first batch of converting 100 million USD in stablecoins into Bitcoin for the SAFU Fund and disclosed the SAFU BTC address 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD, source: Binance on X. According to @binance, further conversions are ongoing, source: Binance on X. According to @binance, this confirms identifiable spot BTC demand tied to SAFU reallocation, a factor traders can monitor for near term liquidity and order flow as transactions proceed, source: Binance on X.