$200 Million Deployed: Why Binance’s Bitcoin Conversions Haven’t Moved the Market

Binance has completed two $100 million conversions of stablecoins into Bitcoin for its Secure Asset Fund for Users (SAFU), fulfilling 20% of its $1 billion target announced on January 30, 2026. Despite the $200 million inflow, Bitcoin's price remained relatively flat around $76,300–$76,700. This muted reaction is attributed to the gradual pace of accumulation, averaging about $33 million daily, and the fact that much of the conversion involves reclassifying existing Binance BTC holdings into the SAFU wallet rather than aggressive new open-market purchases. Furthermore, broader market volatility and downward pressure are offsetting any immediate buying effect. The move is viewed as structural support, signaling long-term institutional confidence and positioning Binance as a quasi-"crypto central bank" with a floor mechanism to top up the fund if its value drops below $800 million. With $800 million remaining to convert, this strategy suggests steady, long-term demand for Bitcoin.

(Source：BeInCrypto)