Binance Begins $1B Bitcoin Conversion With $100M SAFU Fund Purchase

TLDR

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Binance bought $100M in Bitcoin from its SAFU fund to start a $1B crypto reserve conversion.
Bitcoin has fallen over 38% since hitting its all-time high in October 2025.
Binance shared the SAFU fund BTC address for public tracking and transparency.
The exchange plans to convert $1B into Bitcoin over the next 30 days.

Binance has officially begun its $1 billion plan to convert its SAFU fund into Bitcoin, starting with a $100 million purchase. This move comes as Bitcoin continues to trade over 38% below its all-time high from October 2025. By making this purchase public and sharing its wallet address, Binance aims to increase transparency and reinforce user trust during a period of ongoing volatility in the cryptocurrency market.

SAFU Fund Conversion Begins With First Bitcoin Purchase

Binance has taken a major step toward supporting its reserves by buying $100 million worth of Bitcoin from its SAFU fund. This purchase marks the first phase of a larger $1 billion Bitcoin acquisition plan, which the exchange aims to complete in the next 30 days.

The company made the move amid falling cryptocurrency prices, which have put pressure on exchanges and investor sentiment. Binance stated that the goal of this conversion is to bolster its reserve strength and maintain user confidence during market uncertainty.

#Binance SAFU Fund Asset Conversion progress update.
Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.
Our SAFU BTC address:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
TXID: https://t.co/OdrvSINsRs
We’re continuing to… pic.twitter.com/Ue47ayJfbS
— Binance (@binance) February 2, 2026

As part of its transparency effort, Binance publicly released the SAFU Bitcoin address. This enables the community to verify the fund’s conversion activity on-chain.

Bitcoin Price Down Over 38% Since All-Time High

The purchase comes as Bitcoin trades well below its previous peak. After reaching an all-time high of $126,198 in October 2025, Bitcoin has since lost over 38% of its value. The continued drop has raised concerns among users and stakeholders in the industry.

Binance’s move follows growing community concerns about the stability of crypto platforms. Some have even blamed the platform and its founder, Changpeng “CZ” Zhao, for contributing to the October 2025 crash. However, Binance has not commented on these claims and instead is focusing on strengthening its financial backing.

SAFU Fund’s Role in Post-Crisis Trust Building

The Secure Asset Fund for Users (SAFU) was introduced by Binance to protect user funds during emergencies. This initiative became more prominent after the FTX collapse in 2022, which shook trust in centralized exchanges.

Binance later implemented a proof-of-reserves system to further rebuild user confidence. The SAFU-to-Bitcoin conversion is an extension of these earlier efforts to enhance transparency and show readiness during market stress.

This latest conversion of funds into Bitcoin may also encourage other platforms to adopt similar reserve strategies if the market continues to underperform.

Binance Maintains Industry Presence Amid Scrutiny

Despite ongoing challenges, Binance remains active in the crypto industry. It continues to conduct token listings and delistings and participates in global discussions about crypto regulation and trust.

Changpeng Zhao, although facing scrutiny, continues to serve as a public figure promoting crypto adoption. His statements on market movements and digital assets remain closely followed by traders and analysts alike.

Binance’s SAFU fund conversion may set a new precedent, but it will also face ongoing observation as the $1 billion target nears completion in the coming weeks.