Amid continued market volatility, Binance has added Bitcoin to its user protection reserves. The exchange announced that it had purchased thousands of coins. $BTC. As part of a plan to convert Secure Asset Fund for Users (SAFU) from a stablecoin to Bitcoin. The move comes during a market downturn and reflects the company’s long-term confidence. $BTC. Binance also shared the on-chain wallet address to keep the process transparent.
More Bitcoin added to SAFU Reserve
In its latest update, Binance said it had purchased around 3,600 pieces. $BTC For the SAFU Foundation. Approximately $250 million of stablecoins were used for the purchase. Following this purchase, the fund now holds approximately $6,230. $BTC In total. At current prices, the Bitcoin portion of SAFU reserves is worth more than $400 million.
The timing is also perfect. https://t.co/6vytzn5XGr
— CZ🔶BNB (@cz_binance) February 7, 2026
Previously, exchanges had already started converting some of their funds from stablecoin to stablecoin. $BTC. The company said it plans to complete the full transition within 30 days of the initial announcement. Additionally, the exchange shared the wallet address and transaction ID. This allows anyone to track funds on-chain.
Purpose of the SAFU Fund
Binance created the SAFU Fund in 2018 following security incidents. This reserve acts as an emergency pool to protect users in case something goes wrong. Funding comes from a portion of transaction fees. It is also kept separate from the exchange’s normal operations.
The goal is simple. In the event of a hack or major issue, this fund can be used to compensate affected users. Over the years, the SAFU Fund has grown into a large reserve worth approximately $1 billion. Binance says it wants to shore up its reserves with long-term assets by moving more funds into Bitcoin. The company also said it would rebalance the fund if its value falls below $800 million.
Buy when the market is down
Attention is focused on the timing of purchases. The buying comes as the crypto market faces heavy selling and high uncertainty among traders. Binance founder Changpeng Zhao (CZ) commented that the timing was “perfect.” Many in the community see this move as a show of confidence. Buying on the push often suggests a long-term outlook rather than a short-term trade.
So far, Binance has converted the majority of SAFU funds into Bitcoin. The company said it would continue purchasing until the transition is complete. He also promised to keep the community updated. For now, the exchange says its goals remain the same. The SAFU Fund exists to protect users, and the transition to Bitcoin is intended to strengthen its reserves over time.
