CZ Responds to FUD: Binance Did Not Sell $1 Billion Worth of Bitcoin, SAFU Fund Will Gradually Buy Bitcoin Over the Next 30 Days

On February 3, CZ addressed several "quite imaginative" FUD claims over the past two days, clarifying each one individually: - Regarding a circulating Polymarket screenshot asking, "Will someone throw something at CZ's face during the 2026 crypto event?" CZ stated the event does not exist on Polymarket or any prediction market, and there is no so-called $7 million trading volume. The screenshot is forged. - On the claim that "CZ canceled the supercycle," CZ flatly said it was an overinterpretation—he only noted he is "less confident than before." - Addressing the rumor that "Binance sold $1 billion worth of Bitcoin," CZ clarified it was Binance users who sold, not Binance itself. Changes in Binance wallet balances typically only occur when users withdraw, and many users still keep assets on Binance for wallet purposes after trading. - Additionally, on the question of the SAFU fund not buying BTC, CZ stated Binance has made it clear the conversion will be completed within 30 days. It is speculated Binance’s initial plan may involve gradual purchases over these 30 days, followed by transfers to the corresponding address near the end of the period or on a weekly basis. Their purchases cannot be seen via a DEX, however. Given Bitcoin’s ~$1.7 trillion market cap, the impact of phasing in the $1 billion Bitcoin buy over 30 days on Bitcoin’s price—and whether it boosts market confidence—will be left to the market to judge.