US EditionBinance completes $1 billion shift of stablecoin reserves into bitcoin (BTC)
Binance converted its $1 billion emergency fund into about 15,000 bitcoins, valuing the reserve at around $1.005 billion, with plans to replenish if value falls below $800 million.
- Earlier this month, Binance completed the final phase converting $1 billion in Secure Asset Fund for Users stablecoins into Bitcoin, fully denominating SAFU in BTC within its 30-day timeline.
- After a late-January announcement, Binance said the fully bitcoin-backed SAFU underscores its confidence in BTC as a long-term reserve asset.
- The exchange purchased 4,545 BTC in the final tranche, finalizing 15,000 BTC SAFU holdings valued at $1,005,000,000, after transferring 1,315 BTC on February 2, 2026.
- SAFU was originally established to protect users from losses and was backed by stablecoins, but Binance pledged to replenish the reserve if its value drops below $800 million.
- Market trends show a growing number of companies have shifted portions of their treasuries into Bitcoin in recent years, with Binance completing one of the largest such reallocations, according to the source.
22 Articles
22 Articles
Binance has officially completed the conversion of approximately $1 billion from its user protection fund, known as SAFU (Secure Asset Fund for Users), to bitcoin (BTC), marking one of the most relevant strategic movements of exchange in terms of reserve management and market confidence. The transition, previously announced during a period of high volatility in the crypt market, was completed within 30 days of the initial announcement. With this…
Binance Completes $1B SAFU Fund Shift to Bitcoin
Binance announced on Thursday that it has finished converting its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin, purchasing a final tranche of 4,545 BTC and bringing total holdings to 15,000 BTC. The exchange’s decision to shift its emergency insurance reserve into BTC rather than a dollar-pegged asset reversed its position from April 2024 and placed roughly $1 billion of user protection funds directly into the cryp…
Binance Completes $1 Billion Bitcoin Conversion for SAFU User Protection Fund
Binance bought 4,545 Bitcoin, completing its planned $1 billion reserve conversion. SAFU fund protects users by covering losses from hacks, breaches. SAFU reserve now holds about 15,000 Bitcoin worth roughly $1 billion. Cryptocurrency exchange Binance has purchased an additional 4,545 bitcoin worth about $305 million for its emergency insurance reserve, bringing the fund’s total bitcoin holdings to roughly 15,000 BTC, valued at just over $1 bill…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
