Binance SAFU Fund Hits 10,455 BTC After $300M Bitcoin Buy
Binance’s Secure Asset Fund for Users (SAFU) has expanded its Bitcoin holdings to a milestone 10,455 BTC after purchasing an additional 4,225 BTC (≈ $300 million) this week, according to on-chain and exchange data. The latest tranche brings the fund closer to its $1 billion Bitcoin conversion target, part of a strategic plan to rebalance reserves from stablecoins into Bitcoin over a 30-day period.
Binance first announced the conversion initiative in late January, seeking to move its SAFU reserve — traditionally held in stablecoins — into Bitcoin for enhanced reserve transparency and market alignment. The SAFU fund serves as an emergency insurance reserve designed to protect user assets in the event of security breaches or extreme market stress.
Market observers note that while the accumulation does not itself create new liquidity, it signals Binance’s confidence in Bitcoin as a core reserve asset and highlights the growing role of large custodial funds in crypto risk management narratives.
