Binance has finalized its plan to convert $1 billion in stablecoin reserves from its Secure Asset Fund for Users (SAFU) into Bitcoin, completing the transition with a final purchase of 4,545 BTC worth approximately $304 million. This move brings the total Bitcoin holdings in the SAFU fund to roughly 15,000 BTC, valued at about $1.005 billion based on a Bitcoin price of $67,000 at the time of completion.
The exchange first announced the strategic shift on January 30, outlining a 30-day plan to move its emergency reserve fund away from stablecoins and into Bitcoin. According to blockchain analytics platform Arkham, the accumulation was executed through several smaller transfers rather than a single large purchase. Prior to the final tranche, the fund had received batches including approximately 1,300 BTC, 3,600 BTC, and 4,225 BTC, all sourced from Binance-controlled wallets.
The buying period coincided with a notable decline in Bitcoin's price, which fell from around $77,000 when the plan was announced to approximately $67,000 by the time of the final transfer. Despite this market movement, Binance proceeded with its scheduled purchases without major alterations.
Binance publicly disclosed the SAFU Bitcoin address and the latest transaction ID, emphasizing its commitment to on-chain transparency. The SAFU fund, built over time using a share of trading fees, is designed as an emergency reserve to protect users in the event of major security incidents. This conversion represents a structural shift in the fund's composition, signaling the exchange's strong conviction in Bitcoin as a long-term store of value and a move to reduce reliance on stablecoin issuers.
Some analysts view the large-scale conversion as a significant confidence signal, potentially removing substantial supply from the market and reinforcing narratives around Bitcoin as a reserve-grade digital asset. Market participants are now watching to see if other exchanges might follow a similar strategy and what impact this may have on Bitcoin liquidity and broader institutional sentiment toward BTC treasury allocations.
