Binance has completed its $1 billion conversion of the Secure Asset Fund for Users (SAFU) into Bitcoin, purchasing a final tranche of 4,545 BTC and bringing total holdings to 15,000 BTC, valued at approximately $1.005 billion. This move signals Binance's confidence in Bitcoin as a long-term reserve asset and was completed within the 30-day timeline announced on January 30, 2026.
The SAFU fund, created in 2018 to protect users from losses due to unforeseen events, is now fully backed by Bitcoin. If the fund's value drops below $800 million due to market volatility, Binance has pledged to replenish it.
This strategic shift positions Binance among the top 10 institutional holders of Bitcoin, overtaking Coin-base's holdings.
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