$200 Million Deployed: Why Binance’s Bitcoin Conversions Haven’t Moved the Market
Binance has accomplished two $100 million batches of stablecoin-to-Bitcoin conversions from its Secure Asset Fund for Users (SAFU), totaling $200 million or 20% of its $1 billion goal.
The conversions are a part of a 30-day plan introduced on January 30, 2026, which goals to shift the SAFU Fund’s reserves from stablecoins into Bitcoin whereas sustaining a protecting flooring for person funds.
Binance SAFU Fund Conversions: $200 Million In, Bitcoin Price Shows Little Reaction
The first batch, announced and executed on February 2, concerned 1,350 BTC, valued at about $100.7 million at the time, with Bitcoin buying and selling close to $77,000.
The second batch, introduced immediately, February 4, transformed one other $100 million in stablecoins to roughly 1,349.9 BTC.
These conversions had been despatched to the SAFU Fund’s publicly disclosed Bitcoin tackle: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD.
Despite the $200 million inflows, Bitcoin has remained largely flat, hovering round $76,300–$76,700 as of February 4.
So, what explains the muted response?
The acquisition tempo averages roughly $33 million per day if the plan stays on monitor. It represents gradual accumulation fairly than a market-shaking buy.
Additionally, on-chain information means that a lot of the conversion is inner reclassification. They transfer current Binance BTC holdings into the SAFU pockets.
This will not be equal to aggressive open-market buys, the place Binance would buy new BTC from the spot market, including contemporary demand and doubtlessly driving up costs instantly.
This supplies long-term conviction in holding however restricted quick shopping for strain in spot markets.
Broader market forces additionally play a task. Post-2025 corrections, liquidation cascades, and ongoing macro volatility have saved downward pressure dominant. This possible offsets any “buy-the-dip” impact from the SAFU conversions.
Binance’s SAFU Fund Acts as a Crypto Central Bank: Structural Support Without Immediate Price Impact
Binance’s SAFU strikes, whereas structurally supportive, are defensive fairly than a literal quantitative easing (QE)- style intervention.
The fund features a flooring mechanism: if volatility pushes the SAFU worth beneath $800 million, Binance will high it as much as $1 billion, mimicking a price-support technique.
Long-term, the structured accumulation indicators sturdy institutional confidence in Bitcoin. By changing a traditionally stable, low-risk reserve into BTC, Binance positions itself as a quasi-“crypto central financial institution,” quietly stacking reserves whereas signaling dedication to Bitcoin as a reserve asset.
Community sentiment on X (Twitter) frames the strikes as “central bank-like assist” or “structural demand,” highlighting potential upside if extra batches are executed and volatility stabilizes.
With 80% of the SAFU Fund nonetheless to transform ($800 million), the gradual, predictable inflows may set up a stable assist flooring, offering draw back safety whereas sustaining regular demand for Bitcoin over the coming weeks.
For now, the market response is subdued, however the technique’s structural bullishness stays clear, coming solely days after Binance’s community woes.
While short-term value results have been minimal, the ongoing technique displays a calculated long-term strategy to Bitcoin publicity.
“Binance shifting $100M of stablecoins into Bitcoin for SAFU exhibits critical dedication to crypto holdings, however is that this long-term confidence—or simply opportunistic accumulation throughout market dips?” one person highlighted.
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