Binance Converts Another $100M SAFU Into Bitcoin

Markets 2026-02-04 21:32

Binance Converts Another 0M SAFU Into Bitcoin

Binance said it has completed the second batch of its bitcoin conversion for the Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in BTC.

Second conversion update

The exchange posted the update on its official X account, sharing a public wallet address and a bitcoin transaction ID for verification.

Binance wrote in its post:

“Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.”

Plan to move $1B into bitcoin

Binance launched the conversion initiative in late January 2026.

The company said it aims to shift its entire $1 billion SAFU fund from stablecoins to bitcoin within 30 days.

First batch and SAFU details

The first batch, completed on Feb. 2, transferred about 1,315 BTC valued at roughly $100 million.

SAFU was established in 2018 as an emergency reserve funded by a portion of trading fees.

Binance has said the fund includes a rebalancing mechanism designed to maintain a minimum value of $800 million during bitcoin price fluctuations.

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This content is for informational purposes only and does not constitute investment advice.

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