Binance Converts $1 Billion SAFU Fund to Bitcoin, Boosting Market Confidence

Binance, the world’s largest cryptocurrency exchange, announced that it plans to convert its entire $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin. This is a testament to the company’s confidence in Bitcoin’s long-term potential, even with its volatility.

In an open letter, Binance announced its intentions to gradually convert the SAFU fund into Bitcoin over the next 30 days. The exchange launched its SAFU fund in July 2018 following a security breach and established it as an emergency fund for users, financed from a portion of the exchange’s trading fees. Until now, the SAFU fund has been maintained in stablecoins to provide liquidity in an emergency.

The exchange said that Bitcoin is a reliable store of value. To secure the fund, the exchange will add more Bitcoins if the balance drops below $800 million because of price fluctuations. This is the exchange buying the dip to secure the $1 billion fund.

Binance Secures $163 Billion in User Funds

This is in line with the company’s continued emphasis on user security. In 2025, the company recovered $48 million in erroneous deposits and helped 5.4 million users avoid scams, saving them $6.9 billion in potential losses. The company collaborated with international law enforcement to confiscate $131 million in illicit funds.

The company’s year-end proof of reserves revealed that it held $163 billion in user funds, which were completely backed, and the funds were in 45 cryptocurrencies.

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Crypto Community Praises Binance Strategy

The move has been well-received by the crypto community. In fact, Bitcoin enthusiast Lark Davis referred to the move as a bullish indicator, comparing it to long-term accumulation strategies for Bitcoin that are typically followed by successful investors.

With this bold move, the exchange is showing strong confidence in the future of Bitcoin while still maintaining the importance of user security and fund protection.

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