- Binance announced the SAFU fund has completed its $1 billion stablecoin-to-Bitcoin conversion and now holds 15,000 BTC.
- The SAFU purchases were made in multiple stages, with an average price near $70,000 per BTC.
The world’s largest crypto exchange, Binance’s Secure Asset Fund for Users (SAFU), has completed its planned conversion of $1 billion in stablecoin reserves into Bitcoin, with Arkham Intelligence tracking a recent transfer of 4,545 BTC, valued at about $304.6 million, into the SAFU wallet. The move follows earlier deposits and brings the fund’s total holdings to around 15,000 BTC, valued at over $1 billion at the current price of $67,138.
#Binance SAFU Fund Asset Conversion – Final Update
— Binance (@binance) February 12, 2026
Binance has successfully completed the final tranche purchase of 4,545 BTC, finalizing the $1 billion transition of SAFU stablecoin reserves into Bitcoin.
This transition was completed within 30 days of the initial… pic.twitter.com/NJbNPS1b0I
The latest transfer is part of a broader initiative Binance announced on January 30, 2026, to convert up to $1 billion of the SAFU fund’s stablecoin reserves into Bitcoin over approximately 30 days. The conversion has been executed through a series of on-chain transfers, with the most recent one adding a large tranche to the fund’s BTC balance.
Earlier Purchases and Total Holdings
Earlier in the month, Binance moved 1,315 BTC (about $100 million) into the SAFU wallet as part of the initial stages of the conversion plan. In the following days, the fund received additional tranches including 3,600 BTC (about $233 million) and 4,225 BTC (about $299.6 million), increasing the reserve’s Bitcoin balance.
The SAFU fund was created as an emergency reserve to protect users in the event of security incidents or operational failures. The recent Bitcoin purchases shift a substantial portion of those reserves into BTC from stablecoins.
At the time the conversion was completed, the total value of SAFU’s Bitcoin holdings was approximately $1.005 billion, using a BTC price of about $67,000. However, Binance’s announcement noted the staggered nature of the purchases and the blended average price, but did not include additional commentary beyond the completion of the plan.
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