Global crypto exchange Binance shared on social media platform X on Feb. 12 that it finalized the full conversion of its SAFU fund reserves into bitcoin, completing a $1 billion transition and increasing the fund’s holdings to 15,000 BTC.

“Binance has successfully completed the final tranche purchase of 4,545 BTC, finalizing the $1 billion transition of SAFU stablecoin reserves into bitcoin,” the exchange stated, adding:

“SAFU now holds 15,000 BTC, worth $1,005,000,000 USD at the time of completion (calculated at a BTC price of $67,000).”

Moreover, Binance noted: “With SAFU Fund now fully in bitcoin, we reinforce our belief in BTC as the premier long-term reserve asset. Thank you for your continued trust and support. We remain committed to transparency and security.” The first batch was completed earlier this month.

The SAFU fund, short for Secure Asset Fund for Users, serves as an emergency insurance reserve designed to protect customers in extreme situations, such as security breaches or unexpected market disruptions. The company previously disclosed that the transition was completed within 30 days of the initial notice and published the SAFU bitcoin address and latest transaction ID for public verification.

Prior to the conversion, the SAFU fund wallet held $1 billion in USDC. Binance connected the reallocation to its broader risk management framework and long-term resilience strategy, emphasizing bitcoin’s role as a foundational asset within the crypto ecosystem. By reallocating stablecoin reserves into bitcoin, Binance signaled a strategic shift toward holding the largest cryptocurrency as its primary reserve asset.

The move highlights growing institutional confidence in bitcoin’s liquidity, transparency, and resilience compared with dollar-pegged tokens. Publishing the wallet address and transaction details further underscores the exchange’s emphasis on on-chain transparency, allowing market participants to track balances in real time. The update comes amid broader industry discussions about proof-of-reserves standards, custodial safeguards, and long-term treasury management practices within crypto platforms.

• How much bitcoin does Binance’s SAFU fund now hold?
  SAFU now holds 15,000 BTC after completing the $1 billion conversion.
• What price was used to value the 15,000 BTC in the SAFU fund?
  The holdings were valued at $1,005,000,000 based on a bitcoin price of $67,000.
• What is the purpose of Binance’s SAFU fund?
  The Secure Asset Fund for Users acts as an emergency insurance reserve to protect customers during extreme events.
• Why did Binance convert its stablecoin reserves into bitcoin?
  The exchange cited bitcoin as its premier long-term reserve asset, emphasizing liquidity, transparency and resilience.

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