The cryptocurrency exchange Binance has announced the completion of a large-scale initiative to convert SAFU reserves into Bitcoin worth $1 billion.
This is reported by Finway
Details of the Bitcoin Operation
Within 30 days of the initial announcement, Binance implemented a strategy to convert the SAFU fund reserves from stablecoins into Bitcoin. The last transaction took place on February 12, 2026, when the exchange purchased 4545 BTC. In total, during the entire campaign, Binance acquired 15,000 Bitcoins, with a total value, at the current rate of about $68,000 per coin, amounting to approximately $1.02 billion.
Binance’s Strategy and Future Plans
The Bitcoin acquisitions occurred in five stages:
- February 2 — 1315 BTC;
- February 4 — 1315 BTC;
- February 6 — 3600 BTC;
- February 9 — 4225 BTC;
- February 12 — 4545 BTC.
“Binance stated that they consider Bitcoin as the fundamental asset of the crypto ecosystem and a long-term store of value.”
The company plans to continue regular rebalancing of the SAFU reserves based on changes in the market value of the fund. If the value of the reserves drops below the $800 million mark due to fluctuations in Bitcoin’s price, Binance intends to promptly restore the SAFU volume to $1 billion.
Previously, Binance co-founder Changpeng Zhao dismissed rumors about large-scale Bitcoin sales, potential manipulation of the SAFU fund, and his influence on the digital asset market.