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Binance has completed a second round of BTC purchases to convert its $1 billion stablecoin reserve in the SAFU fund into Bitcoin. Continue Reading: As Bitcoin (Binance has completed a second round of BTC purchases to convert its $1 billion stablecoin reserve in the SAFU fund into Bitcoin. Continue Reading: As Bitcoin (

As Bitcoin (BTC) Continues to Fall, Binance Begins $1 Billion Worth of Purchases!

Author: Bitcoinsistemi

Source: Bitcoinsistemi

2026/02/04 17:40

2 min read

Binance, the world’s largest cryptocurrency exchange, has taken action for its $1 billion move as Bitcoin (BTC) experiences successive sharp declines.

At this point, Binance also completed a second round of purchases to convert its $1 billion stablecoin reserves in the SAFU fund into Bitcoin.

According to Arkham Intelligence data, Binance’s SAFU fund purchased an additional 1,315 BTC, worth $100.42 million.

With its latest purchase, the Binance SAFU fund has increased its total purchases over the past two days to 2,630 BTC, worth $201.12 million.

What Happened?

In late January, Binance announced it would be restructuring its Secured Asset Fund for Users (SAFU) and gradually converting its $1 billion worth of stablecoin assets into BTC.

This transformation is planned to be completed within 30 days of the date of this announcement.

Binance will regularly review the asset value of the SAFU Fund. If the fund’s market capitalization falls below $800 million due to fluctuations in the Bitcoin price, Binance will inject additional BTC to bring the fund back up to $1 billion.

Related News: Binance Makes a Massive $1 Billion Bitcoin (BTC) Move Amidst the Downturn! Here Are the Details

*This is not investment advice.

Continue Reading: As Bitcoin (BTC) Continues to Fall, Binance Begins $1 Billion Worth of Purchases!

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