Binance completes second batch of Bitcoin conversion, acquires $100M in BTC
Binance has completed the second batch of its Bitcoin conversion for the Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in BTC.1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
TXID: https://t.co/xm87A7Zd9T
We’re continuing to… pic.twitter.com/i3H2cCYYB2
— Binance (@binance) February 4, 2026
Binance launched the conversion initiative in late January 2026, pledging to shift its entire $1 billion SAFU fund from stablecoins to Bitcoin within 30 days.
The first batch, completed on February 2, transferred approximately 1,315 BTC valued at around $100 million.
SAFU was established in 2018 as an emergency reserve funded by a portion of trading fees. The fund includes a rebalancing mechanism to maintain a minimum value of $800 million during Bitcoin price fluctuations.
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