USDBinance SAFU Adds 2,630 Bitcoin in Two Days as $1 Billion Fund Shifts From Stablecoins
Two-Day SAFU Bitcoin Accumulation Reaches $201 Million as Binance Publishes On-Chain Proof
TL;DR
- Binance converted about $201 million of its SAFU reserves into Bitcoin across two batches, totaling 2,630 BTC.
- The purchases are part of a 30-day plan to shift a $1 billion user protection fund from stablecoins to Bitcoin.
- The move unfolded amid market volatility and public debate over exchange risk management and liquidity stress.
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Binance began executing a planned conversion of its $1 billion Secure Asset Fund for Users into Bitcoin on February 2, 2026, marking the first stage of a 30-day reallocation strategy previously disclosed on January 30. The exchange initiated the process with a Bitcoin purchase of approximately 1,315 BTC valued at roughly $100 million, transferring the assets to its publicly known SAFU wallet address, 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD, according to on-chain data referenced in public disclosures tied to the fund’s activity.
A second Bitcoin purchase of a similar size followed on February 4, adding another roughly 1,315 BTC valued at about $100.42 million, bringing the total accumulation across two days to 2,630 BTC worth approximately $201.12 million. Blockchain analytics firm Arkham identified the transactions and linked them directly to Binance’s SAFU address, confirming the staged execution of the reserve conversion during a period when Bitcoin was trading in a range between $74,000 and $76,000 per coin.
Binance acknowledged completion of the second tranche in a public statement, writing, “Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD. TXID: …” with the message published on February 4. The exchange has stated that the SAFU conversion will continue in smaller increments rather than a single large purchase to limit immediate market impact on crypto price data tracked across the crypto price index and broader coin market cap benchmarks.
The two-day accumulation represents roughly 20% of the total $1 billion target for the SAFU restructuring, leaving the majority of the fund’s conversion scheduled for subsequent daily purchases over the remainder of the 30-day period. Binance has said the fund will be replenished if its total value falls below $800 million, committing to restore it to $1 billion, a policy intended to maintain the size of the user protection reserve during periods of market drawdowns.
The SAFU fund was originally established to protect users in the event of extreme losses such as security breaches or system failures and had been held primarily in stablecoins prior to the current transition. Binance has positioned Bitcoin as the core reserve asset under the revised structure, citing transparency through publicly verifiable wallet addresses and transaction identifiers that allow independent tracking of the fund’s movements.
The reserve shift unfolded against a backdrop of heightened market stress, with industry figures citing a $250 billion contraction across the digital asset sector tied to tightening U.S. dollar liquidity conditions. Separately, the chief executive of OKX publicly alleged that Binance’s USDe yield product contributed to leverage buildup ahead of an October 10, 2025 market crash, comments that surfaced as exchanges faced renewed scrutiny over risk controls and liquidity practices during periods of sharp crypto price fluctuations.
Binance’s SAFU Bitcoin accumulation has drawn attention from traders monitoring exchange reserves and institutional flows, particularly as consistent daily purchases introduce a steady source of spot demand visible on-chain. The exchange has not indicated any deviation from its published schedule, and all SAFU-related Bitcoin movements to date have been conducted through the same publicly identified address, with transaction data available for verification alongside broader crypto price index movements and changes in overall coin market cap metrics.
This article has been refined and enhanced by ChatGPT.
