BUSD

Bitcoin

Secure

SAFU

USDC

Crypto exchange Binance bought its first 1,315 Bitcoin as part of its conversion plan for the Secure Asset Fund for Users (SAFU).
The Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="_self">BTC</a>), worth $101 million, was bought for an average price of $77,409.89 per coin, according to <a href="https://www.blockchain.com/en/explorer/transactions/btc/b1231fa059a73d7408a0f40fdc41f603d16f520609a4890ee33763a294385490" rel="noopener noreferrer nofollow" target="_blank">data</a> from Blockchain.com. Binance said it expects to shift the rest of SAFU’s $1B from stablecoins to Bitcoin <a href="https://cointelegraph.com/news/binance-to-convert-1-billion-safu-fund-btc" rel="noopener noreferrer nofollow" target="_self">within the next 27 days</a>.
A Binance spokesperson told Cointelegraph on Friday that the SAFU fund will continue to be used as a backstop for users in the event of extreme incidents or losses.
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 <img alt="Cryptocurrencies, Cryptocurrency Exchange, Binance" src="https://s3.cointelegraph.com/uploads/2026-02/019c1e0f-aec4-7ace-81af-2980504cf9fa.png" title="">
 <figcaption style="text-align: center;">
 Binance converts $100 million to BTC. Source: <a href="https://www.blockchain.com/en/explorer/transactions/btc/b1231fa059a73d7408a0f40fdc41f603d16f520609a4890ee33763a294385490" rel="noopener noreferrer nofollow" target="_blank">Blockchain.com</a>
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<h2 id="binance-shifts-safu-reserves-from-usdc-to-btc">Binance shifts SAFU reserves from USDC to BTC</h2>
The SAFU fund, launched in 2018, is a dedicated user protection pool funded by Binance trading fees. In 2024, Binance shifted the stablecoin portion of SAFU from BUSD into USDC. The exchange positioned the move as a way to keep the emergency fund liquid, reliable and tied to the US dollar.
​The conversion to BTC moves SAFU out of stablecoins altogether, meaning the emergency fund will be held entirely in Bitcoin rather than stablecoins.
Binance still has about $900 million in buying power, earmarked for BTC allocations.
The move comes as markets reel from a <a href="https://cointelegraph.com/news/liquidity-drought-hurting-crypto-markets-raoul-pal" rel="noopener noreferrer nofollow" target="_self">sharp crypto sell-off</a>, which saw the price of BTC fall briefly below $75,000.
<figure>
 <img alt="Cryptocurrencies, Cryptocurrency Exchange, Binance" src="https://s3.cointelegraph.com/uploads/2026-02/019c1e16-4dee-7ba8-85c8-a10ab16ed7d5.png" title="">
 <figcaption style="text-align: center;">
 Bitcoin price chart. Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank">CoinMarketCap</a>
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It also follows fresh <a href="https://cointelegraph.com/news/strategy-hints-bought-bitcoin-after-weekend-crash" rel="noopener noreferrer nofollow" target="_self">buy-the-dip signals from Michael Saylor’s Strategy</a>, which hinted that it would add more Bitcoin after the weekend crash pushed BTC below its cost basis.&nbsp;
Big questions: <a href="https://cointelegraph.com/magazine/big-questions-will-bitcoin-survive-10-year-power-outage/" rel="noopener noreferrer nofollow">Would Bitcoin survive a 10-year power outage?</a>

Binance buys dip with first $100M Bitcoin purchase from $1B SAFU fund

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Cointelegraph

Other articles published on Feb 2, 2026

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