Binance Secures SAFU Fund with $100M Bitcoin Strategic Purchase
On February 2, 2026, Binance completed its first major purchase for the Secure Asset Fund for Users (SAFU), acquiring 1,315 Bitcoin (BTC) worth approximately $100.7 million. This move is part of a broader strategic plan announced on January 29, 2026, to convert the entire $1 billion SAFU fund from stablecoins into Bitcoin over a 30-day period.
Key Details of the SAFU Rebalancing
BTC Allocation: The 1,315 BTC transfer from Binance hot wallets to the SAFU address serves as the "first batch" of the planned conversion.
Protection Mechanism: To counter Bitcoin's volatility, Binance has pledged a $800 million floor. If the fund's market value drops below this level, the exchange will inject additional capital to restore it to $1 billion.
Strategic Shift: This transition marks a departure from the fund's historical reliance on stablecoins like USDC, reflecting a move toward using Bitcoin as a "digital gold" reserve for user protection.
Timeline: The full $1 billion conversion is expected to be finalized by late February 2026, involving roughly $33 million in daily acquisitions.
Market Context
The purchase comes during a period of significant market turbulence. In early 2026, Bitcoin has seen sharp swings, trading around $77,000 on February 2 after falling from its October 2025 highs of over $120,000. Analysts view the conversion as a "bullish signal" of institutional conviction in Bitcoin's long-term value as a sovereign reserve asset.
