Binance has just made a big move in the crypto space. They finished turning their $1 billion user safety fund, called SAFU (Secure Asset Fund for Users), fully into Bitcoin. Now, the fund holds about 15,000 BTC, which was worth roughly $1 billion when they completed it on February 12, 2026.
What is SAFU and why does it matter?
Binance started SAFU back in July 2018 after some hacks hit the crypto space hard. The idea is simple: it’s an emergency pot of money to protect users if something bad happens, like a hack or system issue on the exchange. Binance puts 10% of all trading fees into this fund every day to keep it growing. Over time, it became a strong way to show users “your money is safe with us.”
Before this change, SAFU was mostly in stablecoins (like USDT or USDC), things that stay steady around $1 and don’t swing much in price. That made sense for a safety fund because you want quick, reliable cash if there’s trouble.
The big shift to Bitcoin
On January 30, 2026, Binance announced they would convert $1 billion of SAFU from stablecoins into Bitcoin over the next 30 days. They said Bitcoin is now their main long-term reserve asset. They bought in stages to avoid messing up the market too much.
The last buy happened on February 12: they added 4,545 BTC (worth about $305 million at the time). That pushed the total to 15,000 BTC. At that moment, with Bitcoin around $67,000 per coin, the whole fund was valued at about $1.005 billion.
Some on-chain analysts noted the average buy price across all purchases was close to $66,666–$70,000 per BTC (numbers vary a bit by source, but it’s in that range). Interestingly, one estimate hit exactly $66,666.66, people called it a “lucky number” in crypto circles.
Binance made it clear: if the fund’s value drops below $800 million (due to Bitcoin price falls), they’ll add more money or rebalance to keep it strong. They also plan regular audits and updates so everyone can see it’s transparent.
Why did Binance do this?
Binance sees Bitcoin as a solid, long-term store of value, like digital gold. By holding BTC instead of stablecoins, they reduce risks tied to stablecoin issuers (like if one has problems or loses backing). It also shows strong belief in Bitcoin during a time when the market has been choppy and prices dipped.
This move puts Binance’s SAFU fund into the top 10 biggest Bitcoin holders (even beating some like Coinbase in certain lists). It sends a message: the world’s largest exchange is betting big on Bitcoin as part of its core strategy.
What could this mean for the market?
- It adds buying pressure on Bitcoin (they bought during a dip, which some see as smart timing).
- It boosts trust; users like knowing the safety fund is backed by something Binance believes in deeply.
- But Bitcoin is volatile, so if prices crash hard, the fund could shrink fast (that’s why they have the $800M floor).
This is a bold step from Binance. It shows they’re not just running an exchange, they’re positioning themselves with Bitcoin at the center for the long haul. As always in crypto, things move fast, so keep an eye on updates from Binance’s official channels or tools like Arkham Intelligence for the wallet details.
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