The cryptocurrency exchange Binance has successfully completed a large-scale conversion of the SAFU fund reserves from stablecoins into Bitcoin, totaling $1 billion. The implementation of this initiative took 30 days and precisely aligned with the company’s previously announced plans.
This is reported by Business • Media
Transaction Details and Purchase Volumes
The final tranche of 4545 BTC was executed on February 12, 2026. Throughout the campaign, Binance acquired a total of 15,000 BTC. Based on the current market price of approximately $68,000 per Bitcoin, the total value of the purchase amounts to about $1.02 billion.
The entire purchasing process was divided into five tranches:
- February 2 — 1315 BTC;
- February 4 — 1315 BTC;
- February 6 — 3600 BTC;
- February 9 — 4225 BTC;
- February 12 — 4545 BTC.
Binance’s Strategy Regarding SAFU and Bitcoin
“Binance stated that they consider Bitcoin as the foundational asset of the crypto ecosystem and a tool for long-term value preservation.”
The exchange also announced its intention to conduct regular rebalancing of the SAFU reserves in response to changes in market value. If, due to Bitcoin’s volatility, the reserve amount falls below $800 million, Binance will restore it to the level of $1 billion.
Previously, Binance co-founder Changpeng Zhao dismissed all rumors regarding large-scale Bitcoin sales, manipulation of the SAFU fund, or his personal influence on the market.