Binance News: $1B SAFU Bitcoin Conversion as Thailand Expands Crypto

Key Insights:

• Binance news: The exchange added 4,545 BTC to SAFU, which brings total holdings to approximately 15,000 BTC.
• The $1B conversion plan moved stablecoin reserves into Bitcoin over 30 days.
• Thailand approved digital assets, including Bitcoin, as underlying for derivatives.

Binance completed the final step in its $1 billion Bitcoin conversion plan. Arkham monitoring confirmed the move for its SAFU reserve fund. This marks a major milestone in Binance news.

The SAFU wallet received around 4,545 BTC valued at about $304 million. This brought total holdings to approximately 15,000 BTC, valued at close to $1 billion at current prices.

On-chain data shows rising network activity. Weekly active Bitcoin addresses have increased about 20% over the past two months. This uptick highlights stronger usage momentum.

Binance News: Final SAFU Transfer Lifts Holdings to 15,000 BTC

Arkham data revealed Binance moved around 4,545 BTC into its SAFU fund address. At current prices, that tranche is valued at about $304 million. With the last deposit, the wallet now contains about 15,000 BTC. Remarkably, the total value is close to $1 billion.

SAFU Fund Transfer | Source: Arkham Data

SAFU is Binance’s emergency reserve fund. It is designed to keep users secure in the event of a major security incident. Binance accumulated the fund over time using a portion of trading fees.

Historically, SAFU used to hold stablecoins and other similar assets. According to Binance news, the exchange has now rebalanced a large portion into Bitcoin.

The change brings greater exposure to BTC’s volatility but also makes the long-term alignment of reserves less vulnerable.

Binance News: Why Binance Moved Away From Stablecoins

Binance news revealed the strategy on January 30. It said that it would convert around $1 billion worth of stablecoin reserves into BTC over 30 days. The plan was formulated as a response to reserve management requirements and market structure.

The exchange did not carry out a single purchase. Instead, it used several smaller transfers into the SAFU address. Each movement was from Binance-controlled wallets, according to blockchain tracking.

That flow indicates the exchange might have sourced BTC off-chain first. It then transferred the coins on-chain to the SAFU wallet. This strategy can help to reduce slippage and prevent disruption to market liquidity.

Binance also shifts dependence on stablecoin issuers with this move. Bitcoin, on the other hand, is considered a neutral reserve asset in the crypto market.

Staged Buys Continued Despite BTC Dip

The most recent 4,545 BTC transfer completes the full plan. Previous transfers had a similar pattern. The SAFU address first received some 1,300 BTC. It later added tranches comprising around 3,600 BTC and 4,225 BTC.

The staged approach demonstrates steady accumulation rather than one large event. It also makes the execution easier to handle over several days. The structure can help smooth the entry and reduce the market’s sudden impact.

Bitcoin, in the conversion window, its price decreased. BTC was trading for around $77,000 when the plan began. By the time it reached it, the final transfer was closer to $67,000. Despite the drop, Binance kept to the schedule.

Separately, network activity has been increasing. Data from Ali Charts shows that weekly active Bitcoin addresses rose by 20% over two months.

BTC Active Addresses | Source: Ali, X

The total came to about 3.89 million. Activity trends do not ensure price direction but suggest greater usage.

Thailand Approves Crypto as Derivatives Underlying

Thailand is also moving ahead with integrating crypto markets. The government approved a Finance Ministry proposal to permit digital assets as underlying assets in derivatives and capital markets. The Bangkok Post said the change is part of a modernization effort.

Thailand’s SEC will also amend the Derivatives Act to allow new underlying classes. These include bitcoin and carbon credits. The goal, officials said, is greater oversight and investor protection. Thailand is also interested in positioning itself as a regional centre of institutional crypto activity.

Per the Binance news, Binance Thailand CEO Nirun Fuwattananukul described the move as a watershed moment. He said it is a sign of greater recognition of digital assets in the capital markets. Thailand is also looking to wealthy institutional investors as it grows.

Plans align with the Stock Exchange of Thailand’s push for Bitcoin futures and exchange trading products in 2026. Still, Thailand does not permit crypto payments. The central bank has banned the use of crypto in payments, and the use of stablecoins is limited.

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