Key takeaways
The acquisition, funded with approximately $300 million in stablecoins, brings the SAFU Bitcoin balance to 10,455 BTC, underscoring a continued shift toward holding reserves directly in the leading digital asset.
#Binance SAFU Fund Asset Conversion progress update.
Binance has completed the purchase of 4225 BTC for the SAFU Fund, amounting to 300M USD stablecoins.
Our SAFU BTC address now holds 10,455 BTC:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDTXID: https://t.co/ZnE2h3ZN7H
We’re… pic.twitter.com/IUzdLMPdVI
— Binance (@binance) February 9, 2026
According to the update from Binance, the SAFU fund conversion is progressing as planned, with additional Bitcoin purchases expected as the process continues. By reallocating stablecoin reserves into Bitcoin, the exchange is effectively reducing exposure to fiat-linked assets while increasing alignment with the core crypto market. Binance emphasized that further updates will be shared publicly as each step is completed, reinforcing transparency around the fund’s composition.
This strategy comes at a time when market participants are paying close attention to how major platforms manage risk and reserves. Rather than reacting to short-term volatility, the SAFU adjustment appears structured and pre-announced, suggesting a longer-term balance sheet decision rather than opportunistic buying.
Despite the size of the purchase, Bitcoin price action has remained relatively contained. After a brief dip, the market stabilized near the $69,900 level, with momentum indicators showing a recovery from oversold conditions rather than an impulsive breakout.
This muted response suggests the market had largely anticipated the SAFU conversion or views it as a structural move rather than a catalyst for immediate upside.
Still, the broader implication is difficult to ignore: one of the largest crypto exchanges is steadily increasing its Bitcoin-denominated reserves. Over time, actions like this can contribute to reduced circulating supply and reinforce Bitcoin’s role as the primary reserve asset within the crypto ecosystem – even if the price impact unfolds gradually rather than all at once.
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