Binance converts $1 billion SAFU fund totally into Bitcoin, shopping for 4,545 BTC to complete its reserve overhaul.
Binance introduced on Thursday that it has completed changing its $1 billion Safe Asset Fund for Customers (SAFU) from stablecoins into Bitcoin, buying a closing tranche of 4,545 BTC and bringing complete holdings to fifteen,000 BTC.
The alternate’s resolution to shift its emergency insurance coverage reserve into BTC quite than a dollar-pegged asset reversed its place from April 2024 and positioned roughly $1 billion of person safety funds instantly into the cryptocurrency with the biggest market cap.
Conversion Accomplished Inside 30-Day Window
Binance executed the rebalancing in a number of separate purchases between February 2 and February 12, in keeping with on-chain knowledge monitored by Lookonchain. The ultimate transaction of 4,545 BTC, valued at $304.5 million, introduced the overall worth of the holding to simply over $1 billion based mostly on Bitcoin’s present value of round $67,000.
The alternate first introduced the conversion plan on January 30, saying the method would conclude inside 30 days. Nonetheless, the completion fell almost midway by that window, with the SAFU pockets tackle, which Binance made public, now holding 15,000 BTC.
The Safe Asset Fund for Customers was created in 2018 as an insurance coverage pool to cowl person losses in excessive occasions similar to alternate hacks. In April 2024, Binance transformed the fund totally into USDC, describing the transfer on the time as a stability measure. The completion now marks a full reversal of that strategy.
Binance said it views Bitcoin as “the premier long-term reserve asset” and framed the choice as aligning SAFU with that place. The agency additionally acknowledged that it’s going to rebalance the fund if its worth falls under $800 million resulting from value declines.
Market Context
Again when the transfer was introduced, it drew quick remark from market observers, with crypto commentator Garrett describing the conversion on X as “a direct capital injection into the market” and “what accountable builders do.”
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The announcement arrived as CryptoQuant knowledge confirmed Binance accounted for roughly 41% of spot buying and selling quantity among the many high 10 exchanges in 2025. The alternate additionally maintains equally excessive shares in Bitcoin perpetual futures and stablecoin reserves.
In the meantime, on the market, the OG cryptocurrency was buying and selling across the $67,300 stage on the time of this writing, up barely by about 0.5% within the final 24 hours, however within the crimson over seven days after struggling a virtually 5% dip per CoinGecko knowledge.
The scenario is similar throughout longer timeframes, with BTC shedding slightly below 24% of its worth over the previous fortnight and almost 30% within the final month to maintain its value greater than 46% under its all-time excessive above $126,000 reached in October 2025.
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