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.
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.
Source: https://cryptobriefing.com/binance-bitcoin-conversion-secure-fund/
