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Binance completes second batch of Bitcoin conversion, acquires $100M in BTC

Binance completes second batch of Bitcoin conversion, acquires $100M in BTC

The move is part of a plan to convert $1 billion in stablecoin reserves into Bitcoin.

by Vivian Nguyen

1 min read

In Finance

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Binance has completed the second batch of its Bitcoin conversion for the Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in BTC.

The crypto exchange announced the transaction via its official X account, providing the public wallet address and transaction ID for verification.

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Binance launched the conversion initiative in late January 2026, pledging to shift its entire $1 billion SAFU fund from stablecoins to Bitcoin within 30 days.

The first batch, completed on February 2, transferred approximately 1,315 BTC valued at around $100 million.

SAFU was established in 2018 as an emergency reserve funded by a portion of trading fees. The fund includes a rebalancing mechanism to maintain a minimum value of $800 million during Bitcoin price fluctuations.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

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