Binance converts SAFU fund reserves to Bitcoin during market dip
Binance has begun converting about $1 billion of its Secure Asset Fund for Users (SAFU) reserves from stablecoins into Bitcoin, starting with a purchase of 1,315 BTC worth about $101 million at an average price near $77,409.89 per coin, as Bitcoin traded near multi-month lows and investors looked for signs of institutional dip-buying.
Exchange said the conversion is structured as a staged rotation rather than a single transaction, with the initial purchase presented as the first leg of a broader plan to shift SAFU’s stablecoin reserves into Bitcoin over roughly 30 days.
The buying has continued alongside the market’s sharp swings. On Feb. 9, 2026, Binance’s official communications around SAFU reported an additional purchase of 4,225 BTC funded by the equivalent of $300 million in stablecoins, lifting the SAFU Bitcoin address to 10,455 BTC.
In market context, Cointelegraph’s summary distributed via TradingView described Bitcoin rebounding back toward the $70,000 area after falling below $60,000 at its recent low, with the report linking part of the recovery to both large-holder accumulation and the SAFU reserve purchases. The same coverage put the SAFU address value around $731 million after the latest buy, leaving roughly $239 million still to be converted under the stated plan.
SAFU reserve is positioned by Binance as a user-protection pool intended for extreme incidents such as hacks or critical platform failures, funded by trading fees. In comments relayed in coverage of the conversion plan, a Binance spokesperson said the reserve would continue to serve as a backstop for users in extreme cases even as its composition shifts from stablecoins to Bitcoin.
Same reporting framed the reserve rotation as a balance between liquidity and long-term holdings. Binance indicated it would use treasury reserves to replenish SAFU if volatility pushes the fund’s value below specified thresholds, while the staged conversion approach spreads execution across the month rather than concentrating purchases into a single day.
The SAFU purchases have also become part of broader “who is buying the dip” narratives during the pullback. Alongside the Feb. 9 SAFU addition, distribution is pointed to whale accumulation and referenced renewed inflows into U.S.-based spot Bitcoin ETFs during the rebound session, as traders watched whether forced selling was being met by systematic and institutional demand.
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