Binance Completes $1B SAFU Fund Shift to Bitcoin

Binance introduced on Thursday that it has completed changing its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin, buying a ultimate tranche of 4,545 BTC and bringing complete holdings to 15,000 BTC.

The change’s resolution to shift its emergency insurance coverage reserve into BTC reasonably than a dollar-pegged asset reversed its place from April 2024 and positioned roughly $1 billion of consumer safety funds immediately into the cryptocurrency with the biggest market cap.

Conversion Completed Within 30-Day Window

Binance executed the rebalancing in a number of separate purchases between February 2 and February 12, in accordance to on-chain information monitored by Lookonchain. The ultimate transaction of 4,545 BTC, valued at $304.5 million, introduced the full price of the holding to simply over $1 billion primarily based on Bitcoin’s present worth round $67,000.

The change first announced the conversion plan on January 30, saying the method would conclude inside 30 days. However, the completion fell practically midway by means of that window, with the SAFU pockets handle, which Binance made public, now holding 15,000 BTC.

The Secure Asset Fund for Users was created in 2018 as an insurance coverage pool to cowl consumer losses in excessive occasions resembling change hacks. In April 2024, Binance converted the fund fully into USDC, describing the transfer on the time as a stability measure. The completion now marks a full reversal of that method.

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 said it’ll rebalance the fund if its worth falls beneath $800 million due to worth declines.

Market Context

Back when the transfer was introduced, it drew speedy 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.”

The announcement arrived as CryptoQuant information showed Binance accounted for roughly 41% of spot buying and selling quantity among the many high 10 exchanges in 2025. The change additionally maintains equally high shares in Bitcoin perpetual futures and stablecoin reserves.

Meanwhile, on the market, the OG cryptocurrency was buying and selling across the $67,300 degree on the time of this writing, up barely by about 0.5% within the final 24 hours, however within the purple over seven days after struggling an almost 5% dip per CoinGecko information.

The scenario is identical throughout longer timeframes, with BTC shedding just below 24% of its worth over the previous fortnight and practically 30% within the final month to hold its worth greater than 46% beneath its all-time high above $126,000 reached in October 2025.

The put up Binance Completes $1B SAFU Fund Shift to Bitcoin appeared first on CryptoPotato.