Binance mentioned it has accomplished the second batch of its bitcoin conversion for the Safe Asset Fund for Customers (SAFU), buying a further $100 million in BTC.
Second conversion replace
The trade posted the replace on its official X account, sharing a public pockets deal with and a bitcoin transaction ID for verification.
Binance wrote in its publish:
“Binance has accomplished the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.”
Plan to maneuver $1B into bitcoin
Binance launched the conversion initiative in late January 2026.
The corporate mentioned it goals to shift its total $1 billion SAFU fund from stablecoins to bitcoin inside 30 days.
First batch and SAFU particulars
The primary batch, accomplished 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 buying and selling charges.
Binance has mentioned the fund features a rebalancing mechanism designed to take care of a minimal worth of $800 million throughout bitcoin value fluctuations.