Binance’s Safe Asset Fund for Customers, the change’s emergency insurance coverage reserve, bought round 1,315 Bitcoin price over $100 million in the present day, the change stated in an announcement.
#Binance SAFU Fund Asset Conversion progress replace.
Binance has accomplished the primary batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.
Our SAFU BTC handle:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDTXID: https://t.co/OdrvSINsRs
We’re persevering with to… pic.twitter.com/Ue47ayJfbS
— Binance (@binance) February 2, 2026
The acquisition marks SAFU’s first Bitcoin buy in practically two years. The fund was established in 2018 to guard customers towards potential hacks and platform failures.
This transaction represents the preliminary part of a method introduced on January 30, wherein Binance outlined plans to transform $1 billion in stablecoin reserves into Bitcoin over 30 days.
The acquisition comes amid heightened market volatility. Bitcoin dropped to round $74,600 over the weekend as a result of heavy promoting earlier than recovering to roughly $77,700.
Traditionally, the SAFU fund was predominantly held in stablecoins to reduce volatility. The shift towards Bitcoin reserves displays strategic rebalancing geared toward sustaining the fund’s minimal $1 billion valuation.
