Binance has completed the full conversion of its 1 billion dollar Secure Asset Fund for Users into Bitcoin, confirming the purchase of a final 4,545 BTC and bringing the total reserve to 15,000 BTC. With Bitcoin trading around 67,000 dollars, the fund is now valued at just over 1 billion dollars.
The exchange executed the transition through multiple transactions between February 2 and February 12, finishing the process well within the 30 day window it outlined on January 30. The dedicated SAFU wallet address, which Binance has made public, now reflects the updated Bitcoin balance.
SAFU was originally established in 2018 as an emergency insurance pool designed to compensate users in extreme scenarios such as security breaches. In April 2024, Binance converted the reserve entirely into USDC, citing stability concerns at the time. The latest move represents a complete reversal of that strategy, signaling renewed confidence in Bitcoin as a long term reserve asset rather than relying on dollar pegged stablecoins.
Binance stated that it views Bitcoin as the leading long term store of value within the crypto market and said it will rebalance the fund if its value falls below 800 million dollars due to price volatility. The decision effectively ties user protection funds directly to Bitcoin’s market performance.
The shift also arrives as Binance maintains a dominant position in global crypto trading. According to recent data, the exchange accounts for roughly 41 percent of spot trading volume among the top ten platforms in 2025, alongside a significant share of Bitcoin perpetual futures activity and stablecoin reserves.
Meanwhile, Bitcoin is trading near 67,300 dollars, posting modest daily gains but remaining under pressure on longer time frames. The asset is down nearly 5 percent over the past week, around 24 percent over two weeks, and close to 30 percent over the past month. It also remains more than 46 percent below its October 2025 all time high above 126,000 dollars, highlighting the broader market correction even as Binance deepens its exposure to BTC through its insurance reserve.
