Binance said it has completed the second batch of its bitcoin conversion for the Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in BTC.
Second conversion update
The exchange posted the update on its official X account, sharing a public wallet address and a bitcoin transaction ID for verification.
Binance wrote in its post:
“Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.”
Plan to move $1B into bitcoin
Binance launched the conversion initiative in late January 2026.
The company said it aims to shift its entire $1 billion SAFU fund from stablecoins to bitcoin within 30 days.
First batch and SAFU details
The first batch, completed on Feb. 2, transferred about 1,315 BTC valued at roughly $100 million.
SAFU was established in 2018 as an emergency reserve funded by a portion of trading fees.
Binance has said the fund includes a rebalancing mechanism designed to maintain a minimum value of $800 million during bitcoin price fluctuations.
