Binance completes second batch of Bitcoin conversion, acquires $100M in BTC
Binance has completed the second batch of its Bitcoin conversion for the Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in $BTC.
The crypto exchange announced the transaction via its official X account, providing the public wallet address and transaction ID for verification.
#Binance SAFU Fund Asset Conversion progress update.
Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.
Our SAFU $BTC address:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDTXID: https://t.co/xm87A7Zd9T
We’re continuing to… pic.twitter.com/i3H2cCYYB2
— Binance (@binance) February 4, 2026
Binance launched the conversion initiative in late January 2026, pledging to shift its entire $1 billion SAFU fund from stablecoins to Bitcoin within 30 days.
The first batch, completed on February 2, transferred approximately 1,315 $BTC valued at around $100 million.
SAFU was established in 2018 as an emergency reserve funded by a portion of trading fees. The fund includes a rebalancing mechanism to maintain a minimum value of $800 million during Bitcoin price fluctuations.
