Binance Completes $1 Billion SAFU Overhaul: Bitcoin Now the Anchor of User Protection
Binance has finished converting its Secure Asset Fund for Users (SAFU) into a reserve held entirely in Bitcoin. The last purchase...
Quick overview
- Binance has converted its Secure Asset Fund for Users (SAFU) into a reserve entirely in Bitcoin, totaling 15,000 BTC.
- The last purchase of 4,545 BTC was made at an average price of $67,000 per coin, reflecting Binance's confidence in Bitcoin's long-term value.
- To maintain the fund's value above $1 billion, Binance will add its own funds if the reserve drops below $800 million.
- The conversion comes amid fragile market sentiment, with Bitcoin currently trading around $67,000.
Binance has finished converting its Secure Asset Fund for Users (SAFU) into a reserve held entirely in Bitcoin. The last purchase of 4,545 BTC, worth about $305 million, was made on February 12, bringing the fund’s total to 15,000 BTC.
The Road to $1 Billion: Bitcoin as a Strategic Reserve
The SAFU fund started in 2018 as an emergency insurance pool and was backed by stablecoins like USDT and TUSD, as well as BNB. In early 2026, Binance decided to rely fully on Bitcoin, showing confidence in its long-term value.
- The Conversion Timeline: The conversion started on January 30, 2026, and took place over five main buying rounds.
- Cost Efficiency: Some of the first purchases were made when Bitcoin was close to $76,000, but the last 4,545 BTC were bought at $66,006 each. This puts the average cost for the 15,000 BTC fund at about $67,000 per coin.
- Transparency: All of the fund’s Bitcoin is kept in a public on-chain address (1BAuq7Vho…), so anyone can check the reserve at any time.
Protecting Users: The 800 Million “Floor”
To manage Bitcoin’s price swings, Binance has set up a strict rebalancing system to make sure the insurance fund stays available even if the market drops sharply.
- The $1 Billion Target: Binance plans to keep the fund’s value at $1 billion or higher.
- The Rebalancing Trigger: If the fund’s value falls below $800 million, Binance will add more of its own money to bring it back up to $1 billion.
- Market Impact: This setup means Binance will keep buying Bitcoin during big price drops, which could help support the overall market.
Market Context: Bitcoin Stabilizes Near $67,000
The SAFU conversion finished as the crypto market faces fragile sentiment. Bitcoin is now trading around $67,000, down from over $78,000 earlier in February.
Key Technical Levels
- Immediate Resistance: Immediate resistance is at $71,000, which marks the top of the current downward channel.
- Immediate Support: Immediate support levels are $63,000, seen as a psychological barrier, and $59,930, which was the low on February 5.
- Trading Sentiment: The Crypto Fear & Greed Index just hit a record low, showing that traders are very cautious. Still, analysts point out that funding rates are neutral and open interest is steady, which could mean the market is leaving an over-leveraged period.
Summary: Why This Matters for Traders
| Feature | Details |
| Total SAFU Assets | 15,000 BTC |
| Current Fund Value | ~$1.005 Billion |
| Avg. Purchase Price | ~$67,000 |
| Safety Net | Rebalance if value < $800M |
Looking forward, Binance’s move to use Bitcoin as its main reserve puts attention on today’s US CPI report. If inflation cools, it could help push Bitcoin back toward $70,000 and support Binance’s buying strategy.
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