$BTC Binance finalized the full conversion of its $1 billion Secure Asset Fund for Users (SAFU) into Bitcoin on February 12, 2026. The exchange purchased a final tranche of 4,545 BTC (approximately $304 million) to reach a total holding of 15,000 BTC. This strategic shift, first announced on January 30, 2026, transitions the emergency fund from a mix of stablecoins and crypto assets to being 100% denominated in Bitcoin.
Key Details of the Conversion
Total Holdings: The SAFU fund now holds 15,000 BTC, valued at roughly $1.005 billion at the time of completion.
Acquisition Cost: The Bitcoin was acquired at an average aggregate cost basis of approximately $67,000 per coin.
Rebalancing Mechanism: Binance committed to maintaining the fund's value at $1 billion. If market volatility causes the reserve to drop below $800 million, the exchange will inject additional Bitcoin to restore it to the target level.
Timeline: The conversion was completed in less than two weeks, significantly ahead of the initially pledged 30-day window.
Strategic Significance
By moving SAFU entirely into Bitcoin, Binance aims to utilize what it describes as the "premier long-term reserve asset" and "cornerstone of the crypto ecosystem". This move also eliminates counterparty risks associated with fiat-backed stablecoins and allows for greater transparency through on-chain verification. Users can track the fund's status directly via the Binance SAFU Wallet Address.
