Binance Completes $1 B Bitcoin SAFU Buy at ~$70,000 Average Price
Binance has completed its planned $1 billion Bitcoin acquisition for the Secure Asset Fund for Users (SAFU), acquiring a total of 15,000 BTC at an average price of roughly $70,000 per coin, according to official disclosure and on-chain analysis. The transaction was executed in multiple tranches as part of Binance’s 30-day reserve conversion strategy announced on January 30.
Details from the final conversion show a staggered accumulation structure, including buys at varying price levels — from around $76,045 to $66,006 — as Binance pursued liquidity across market conditions. This multi-tranche approach helped bring the blended average cost near the $70,000 mark despite Bitcoin’s recent volatility.
The SAFU fund — originally held largely in stablecoins — now holds 15,000 BTC, equivalent to just over $1 billion in value, reinforcing Binance’s long-term confidence in Bitcoin as a store of value and user-protection asset. Binance has said it will monitor the fund and rebalance if its market value dips below predefined thresholds.
Market Implication: The completion of this large accumulation plan highlights institutional demand and strategic allocation toward Bitcoin, potentially signaling support at key technical levels during periods of broader market pressure.
