Binance SAFU Grows Bitcoin Reserves With Another $300 Million Purchase

TLDR

Table of Contents

Binance SAFU bought 4,225 BTC for $300M, raising total holdings to over 10,455 BTC.
The $1B stablecoin-to-Bitcoin conversion plan is now 73% complete.
Bitcoin trades above $68,500 despite a 3% drop in the last 24 hours.
SAFU acts as a user protection reserve against exchange-related failures.

Binance has taken a major step in strengthening its user protection reserve by purchasing $300 million worth of Bitcoin. This move brings the Secure Asset Fund for Users (SAFU) to over 10,455 BTC, worth around $734 million. As part of its plan to convert $1 billion in stablecoins to Bitcoin, the exchange has now completed 73% of the target, reflecting a growing shift toward Bitcoin-backed reserves in the crypto industry.

Binance SAFU Purchases $300 Million in Bitcoin

Binance has expanded its emergency user protection fund by acquiring $300 million worth of Bitcoin. The Secure Asset Fund for Users (SAFU), established in 2018, is designed to safeguard user funds in case of system breaches or operational failures.

JUST IN: Binance buys 4,225 Bitcoin worth $300,000,000 for its 'SAFU' fund. pic.twitter.com/6T0v0i124A
— Watcher.Guru (@WatcherGuru) February 9, 2026

This new purchase adds 4,225 BTC to the SAFU wallet, bringing its total holdings to approximately 10,455 BTC. Based on current market values, the total Bitcoin in the fund is now worth around $734 million.

Conversion Plan Nears Completion

On January 30, Binance announced that it would convert $1 billion in stablecoin reserves into Bitcoin over a 30-day period. With this latest purchase, the exchange has now fulfilled about 73% of that plan.

The decision to move away from stablecoins follows growing concerns over regulatory and banking risks associated with these digital assets. By shifting to Bitcoin, Binance joins a broader industry pattern of treating BTC as a long-term reserve.

Binance has not shared a fixed schedule for the remaining portion of the conversion. However, the exchange said in its previous statement that it may adjust based on market conditions.

Bitcoin Holds Steady Amid Market Movement

Following Binance’s large acquisition, Bitcoin prices saw little immediate change. The asset is currently trading just above $68,500, according to CoinGecko data. This marks a 3% decrease from the previous day.

Despite short-term price fluctuations, many crypto platforms continue to treat Bitcoin as a strategic reserve. Exchanges and institutional investors often use BTC to store value or hedge against uncertainties linked to fiat-backed digital assets.

The ongoing accumulation also signals confidence in Bitcoin’s role in the wider crypto financial system, even as markets remain volatile.

SAFU’s Role in Customer Protection

The SAFU fund was introduced to protect user assets in extreme scenarios. It is fully funded by Binance and is held in separate wallets for transparency. SAFU is designed to cover unexpected losses and reinforce user trust in the platform’s stability.

In a previous blog post, Binance stated: “The SAFU fund continues to stand as a key part of our commitment to protect user assets.” The wallet addresses for SAFU are publicly visible, allowing users to verify its contents in real time.

This latest move shows Binance’s continued focus on strengthening customer safeguards through reserve growth. As the conversion plan nears completion, the exchange is expected to provide further updates on how the fund will be managed in the future.