Key Takeaways
- Binance has completed the first $100 million Bitcoin conversion for its SAFU user protection fund, acquiring approximately 1,315 BTC.
- On-chain data confirms the transfer, with the transaction fully validated on the Bitcoin network.
- The SAFU fund currently holds close to $1 billion in assets, with Binance planning to convert the entire fund into Bitcoin within 30 days.
Binance has confirmed the completion of the first phase of its planned Bitcoin conversion for the Secure Asset Fund for Users (SAFU), marking a significant milestone in its broader strategy to strengthen long-term user protection.
In an update shared on X, the exchange revealed that it has successfully converted $100 million worth of stablecoins into Bitcoin, acquiring approximately 1,315 BTC as part of the initiative.
What Is SAFU and Why the Shift to Bitcoin Matters
Launched in 2018, SAFU was created to safeguard users in the event of security breaches or unforeseen incidents. The fund currently holds close to $1 billion in assets.
On January 30, 2026, Binance announced plans to fully convert the SAFU fund into Bitcoin over a 30-day period, citing Bitcoin’s role as a long-term hedge, its resilience, and its growing status as a core reserve asset within the crypto ecosystem.
Unlike its 2023 approach—where SAFU assets were diversified across multiple cryptocurrencies—this move signals a stronger, more focused conviction in Bitcoin.
On-Chain Data Confirms $104M+ BTC Transfer
Blockchain records verify Binance’s first completed conversion. According to on-chain data:
- Transaction Amount: 1,350 BTC
- Value: ~$104.8 million
- Broadcast Time: February 2, 2026
- Block: 934,704
- Recipient: SAFU Fund wallet
- Status: Fully confirmed on the Bitcoin network
Binance also publicly shared the SAFU Bitcoin address and transaction hash, reinforcing transparency around the conversion process.
Binance Commits to Maintaining $1B SAFU Threshold
Binance stated it will actively monitor the fund’s valuation and replenish it if market volatility causes SAFU’s value to dip below $800 million, ensuring it is restored to the $1 billion level.
The exchange noted that additional Bitcoin purchases will continue in the coming weeks as it works toward completing the full conversion within the announced timeframe.
Restoring Confidence After Market Turbulence
The SAFU conversion follows a challenging period for the broader crypto market, including a major liquidation event in October 2025. Binance had previously issued an open letter reaffirming its commitment to user protection and long-term industry development.
By shifting SAFU entirely into Bitcoin, Binance aims to reduce exposure to fiat-linked risks while signaling renewed confidence in Bitcoin’s fundamentals.
Bottom Line
Binance’s first $100 million Bitcoin conversion for SAFU is now fully verified on-chain, underscoring both transparency and execution. As the remaining conversions unfold, the crypto community will be watching closely—not just for market impact, but for what this move represents in terms of institutional confidence and long-term strategy heading into 2026.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.