Binance Completes $1B SAFU Fund Shift to Bitcoin

Binance converts SAFU’s $1 billion fund fully into Bitcoin, buying 4,545 BTC to complete its reserve maintenance.

Binance announced on Thursday that it has completed the conversion of the 1 billion Secure Asset Fund for Users (SAFU) from stablecoins to Bitcoin, buying the last part of 4,545 BTC and bringing the total amount to 15,000 BTC.

The exchange’s decision to switch its contingency insurance reserve to BTC instead of a dollar-denominated asset canceled its position as of April 2024 and put nearly $1 billion in user protection funds directly into the cryptocurrency with the largest market cap.

Conversion Completed Within 30 Day Window

Binance has rebalanced several different purchases between February 2 and February 12, according to on-chain data monitored by Lookonchain. The last transaction of 4,545 BTC, valued at $304.5 million, brought the total holdings to just over $1 billion based on Bitcoin’s current price of around $67,000.

The exchange first announced the conversion plan on January 30, saying the process would be completed within 30 days. However, the termination fell roughly within that window, with the SAFU wallet address, which Binance made public, now holding 15,000 BTC.

The User Secured Asset Fund was created in 2018 as an insurance pool to cover user losses from extreme events such as exchange hacking. In April 2024, Binance converted the fund entirely to USDC, explaining the move at the time as a step of stability. The termination now marks a complete reversal of that approach.

Binance said it views Bitcoin as a “long-term investment” and framed the decision as aligning SAFU with that position. The company also said it will rebalance the fund if its value falls below $800 million due to a price drop.

Market Situation

Back when the move was announced, it drew immediate comments from viewers, with crypto analyst Garrett describing X’s conversion as “a direct injection of money into the market” and “responsible developers.”

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The announcement came as CryptoQuant data showed that Binance accounted for about 41% of the trading volume in the area among the top 10 exchanges in 2025. The exchange also maintains the same high stakes in Bitcoin futures and cash reserves.

Meanwhile, in the market, the cryptocurrency of OG was trading around the level of $ 67,300 at the time of this writing, slightly increased by about 0.5% in the last 24 hours, but red over seven days after suffering about 5% of CoinGecko data.

The situation is the same in all long periods, where BTC has lost less than 24% of its value during the last two nights and almost 30% in the last month to keep its price more than 46% below the all-time high value above $126,000 reached in October 2025.