Binance introduced on Thursday that it has completed changing its $1 billion Safe Asset Fund for Customers (SAFU) from stablecoins into Bitcoin, buying a remaining tranche of 4,545 BTC and bringing complete holdings to fifteen,000 BTC.
The trade’s choice to shift its emergency insurance coverage reserve into BTC relatively than a dollar-pegged asset reversed its place from April 2024 and positioned roughly $1 billion of consumer safety funds immediately into the cryptocurrency with the biggest market cap.
Conversion Accomplished Inside 30-Day Window
Binance executed the rebalancing in a number of separate purchases between February 2 and February 12, in accordance with on-chain knowledge monitored by Lookonchain. The ultimate transaction of 4,545 BTC, valued at $304.5 million, introduced the entire price of the holding to only over $1 billion based mostly on Bitcoin’s present worth round $67,000.
The trade first introduced the conversion plan on January 30, saying the method would conclude inside 30 days. Nonetheless, the completion fell practically midway by way of that window, with the SAFU pockets tackle, which Binance made public, now holding 15,000 BTC.
The Safe Asset Fund for Customers was created in 2018 as an insurance coverage pool to cowl consumer losses in excessive occasions resembling trade hacks. In April 2024, Binance transformed the fund totally into USDC, describing the transfer on the time as a stability measure. The completion now marks a full reversal of that method.
Binance mentioned it views Bitcoin as “the premier long-term reserve asset” and framed the choice as aligning SAFU with that place. The agency additionally said it is going to rebalance the fund if its worth falls beneath $800 million on account of worth declines.
Market Context
Again when the transfer was introduced, it drew instant remark from market observers, with crypto commentator Garrett describing the conversion on X as “a direct capital injection into the market” and “what accountable builders do.”
The announcement arrived as CryptoQuant knowledge confirmed Binance accounted for roughly 41% of spot buying and selling quantity among the many prime 10 exchanges in 2025. The trade additionally maintains equally excessive shares in Bitcoin perpetual futures and stablecoin reserves.
In the meantime, on the market, the OG cryptocurrency was buying and selling across the $67,300 degree on the time of this writing, up barely by about 0.5% within the final 24 hours, however within the purple over seven days after struggling an almost 5% dip per CoinGecko knowledge.
The state of affairs is similar throughout longer timeframes, with BTC shedding slightly below 24% of its worth over the previous fortnight and practically 30% within the final month to maintain its worth greater than 46% beneath its all-time excessive above $126,000 reached in October 2025.
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