Binance has officially completed the final step of converting its $1 billion SAFU Fund into Bitcoin, fully moving its emergency insurance reserve away from stablecoins.
In a post on X, the exchange confirmed it purchased the last tranche of 4,545 BTC, wrapping up the transition within 30 days of the original announcement. With that final purchase, the SAFU Fund now holds a total of 15,000 Bitcoin — worth about $1.005 billion at a BTC price of $67,000.
The SAFU Fund, short for “Secure Asset Fund for Users,” acts as Binance’s emergency insurance pool. It’s designed to protect users in case of extreme situations like hacks or system failures. Until now, much of the fund was held in stablecoins. This move marks a clear shift toward Bitcoin as the core reserve asset.
Binance said the decision reflects its confidence in Bitcoin as a long-term store of value. The exchange also published the SAFU wallet address and transaction details, emphasizing transparency around the fund’s holdings.
The conversion took place during a period of market volatility, with Bitcoin seeing sharp price swings. Some reports suggested that Binance traders increased dip-buying activity while the SAFU purchases were happening, sparking conversations about timing and market impact.
However, Binance has stated that SAFU transactions are carried out gradually to reduce disruption and are kept completely separate from the company’s operational funds.
Now that the transition is complete, the entire $1 billion user protection reserve is held in Bitcoin. The move signals a strategic change in how Binance manages its safety net — leaning fully into BTC as its long-term reserve asset.
