Binance introduced on Thursday that it has completed changing its $1 billion Safe Asset Fund for Customers (SAFU) from stablecoins into Bitcoin, buying a last tranche of 4,545 BTC and bringing whole holdings to fifteen,000 BTC.
The change’s resolution 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 straight 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 response to on-chain information monitored by Lookonchain. The ultimate transaction of 4,545 BTC, valued at $304.5 million, introduced the whole price of the holding to only over $1 billion primarily based on Bitcoin’s present value round $67,000.
The change first introduced the conversion plan on January 30, saying the method would conclude inside 30 days. Nonetheless, the completion fell practically midway by that window, with the SAFU pockets handle, 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 similar to change hacks. In April 2024, Binance transformed the fund completely 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’s going to rebalance the fund if its worth falls beneath $800 million as a result of value 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 information confirmed Binance accounted for roughly 41% of spot buying and selling quantity among the many high 10 exchanges in 2025. The change 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 stage on the time of this writing, up barely by about 0.5% within the final 24 hours, however within the pink over seven days after struggling an almost 5% dip per CoinGecko information.
The scenario 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 value greater than 46% beneath its all-time excessive above $126,000 reached in October 2025.
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