Binance Acquires $100M in Bitcoin

Binance Completes $100M Bitcoin Conversion for SAFU Fund

• Binance has completed the second batch of Bitcoin conversion for its Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in Bitcoin.
• The transaction was announced via Binance’s official X account, providing a public wallet address and transaction ID for verification.
• The conversion initiative started in late January 2026, aiming to shift the entire $1 billion SAFU fund from stablecoins to Bitcoin within 30 days.
• The first batch was completed on February 2, transferring approximately 1,315 BTC valued at around $100 million.
• Established in 2018, the SAFU fund is an emergency reserve funded by trading fees and includes a mechanism to maintain a minimum value of $800 million during Bitcoin price fluctuations.

Binance’s ongoing initiative to convert its SAFU fund into Bitcoin continues with the completion of a second $100 million batch, reinforcing its commitment to maintaining the fund’s stability amid market changes.