Binance has executed a significant internal transfer of Bitcoin into its Secure Asset Fund for Users (SAFU), moving 4,225 BTC valued at approximately $299.6 million. This transaction, first identified by blockchain tracker Lookonchain, pushes the total holdings of the SAFU fund to 10,455 BTC, which is worth roughly $734 million at current prices.
The transfer marks a key milestone, crossing the 10,000 BTC threshold for the insurance reserve. This action is part of a broader strategy Binance announced in late January 2026, where the exchange committed to converting about $1 billion from its stablecoin reserves into Bitcoin over a 30-day period. The stated goal is to increase transparency and strengthen the financial cushion designed to protect users in the event of a major security incident.
On-chain analysis indicates that this was an internal reallocation, not a direct market purchase. The 4,225 BTC were moved from a Binance hot wallet into the official SAFU address. This method avoids creating large, visible buy orders on the open market that could influence Bitcoin's price, which has been trading around the $70,000 level during these accumulations.
The SAFU fund was established in the aftermath of Binance's 2019 hack and is funded by a portion of the exchange's trading fees. It serves as an emergency insurance reserve. Analysts view the deliberate accumulation of Bitcoin for this fund as a signal of long-term institutional confidence in the asset, demonstrating Binance's trust in Bitcoin as a store of value. While the internal nature of the transfer limits its immediate market impact, the scale of the accumulation—over $700 million in Bitcoin held specifically for user protection—is notable and quietly builds one of the larger exchange-held Bitcoin reserves.
