Binance completes second batch of Bitcoin conversion, acquires $100M in BTC
Binance completed the second $100 million batch of its plan to convert $1 billion in SAFU stablecoin reserves into Bitcoin.Summary
Binance has successfully executed the second phase of its initiative to convert $1 billion of its Secure Asset Fund for Users (SAFU) reserves from stablecoins into Bitcoin, acquiring an additional $100 million worth of BTC. This transaction was publicly verified via an official announcement providing the wallet address and transaction ID. The conversion process began in late January 2026, with the goal of completing the full shift within 30 days. The first batch, completed on February 2, involved transferring approximately 1,315 BTC, also valued around $100 million. Established in 2018, the SAFU fund serves as an emergency reserve funded by trading fees and includes a mechanism to maintain a minimum value of $800 million despite Bitcoin price volatility.
(Source：Crypto Briefing)