Binance has made a significant move in the crypto world! The exchange has completed the conversion of its $1 billion Secure Asset Fund for Users (SAFU) into Bitcoin, acquiring 4,545 BTC as the final tranche, bringing the total holdings to 15,000 BTC, valued at approximately $1.013 billion ¹ ² ³.
This strategic shift was announced on January 30, 2026, and was completed within 30 days, showcasing Binance's confidence in Bitcoin as a long-term reserve asset. The SAFU fund, established to protect users from hacks and unforeseen losses, is now fully backed by Bitcoin, with a pledge to replenish funds if the value falls below $800 million ¹ ⁴.
*Key Highlights:*
- *SAFU Conversion*: Binance's SAFU fund is now entirely in Bitcoin, totaling 15,000 BTC.
- *Confidence in Bitcoin*: This move underscores Binance's trust in Bitcoin as a reliable long-term store of value.
- *Market Impact*: The conversion may help stabilize Bitcoin prices and reinforce its position as a dominant cryptocurrency ¹ ² ³.
Would you like to know more about Binance's plans or the current Bitcoin market trends?