Global crypto exchange Binance has completed the conversion of its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin.
The fund spent over $305 million acquiring 4,545 BTC on Thursday, bringing the total stash to 15,000 BTC worth over $1 billion, according to Arkham Intelligence data.
Originally scheduled to take up to 30 days from January 30, Binance completed the conversion in under 13 days. Binance said it would monitor the fund and rebalance it if its market value falls below $800 million.
Institutional interest in Bitcoin continues to grow under the current regulatory environment, though the frenzied accumulation seen among public companies from late 2024 to mid-2025 has cooled following recent market turbulence.
In this context, Binance’s accumulation signals a strong vote of confidence in the asset, despite volatility that has rattled many traders.
Bitcoin is hovering around 67,000 at press time, down 5% in the last seven days, per CoinGecko.
Source: https://cryptobriefing.com/binance-bitcoin-reserves-boost/
