Binance SAFU Fund Adds 4,545 BTC in Latest $304M Purchase

Binance has completed another large Bitcoin transfer into its SAFU reserve fund. Arkham data shows the fund received about 4,545 BTC. It is worth roughly $304 million. This move brings the total SAFU holdings to around 15,000 BTC. Which is valued near $1 billion at current prices.

The purchase marks the final step in Binance’s $1 billion Bitcoin conversion plan. The exchange announced the strategy on January 30. That saying it would shift stablecoin reserves into BTC over a 30-day period. Blockchain analytics platforms tracked the transfers as they happened. The move stands out because Bitcoin’s price dropped during the buying period. Still, the exchange pushed forward with the plan.

From Stablecoins to Bitcoin

The SAFU fund acts as Binance’s emergency reserve. The exchange uses it to protect users in case of major security incidents. Binance built the fund over time using a share of trading fees. Traditionally, the reserve held stablecoins and similar assets. But the company decided to move those funds into Bitcoin. The change aims to strengthen long term value and reduce reliance on stablecoin issuers.

Binance first announced the conversion at the end of January. The plan involved turning about $1 billion in stablecoin reserves into BTC over several weeks. Instead of one large purchase, the exchange executed several smaller transfers.

How the Accumulation Unfolded

The latest 4,545 BTC transfer completes the full plan. With this step, the SAFU fund wallet now holds roughly 15K BTC. Earlier transactions followed a similar pattern. The fund first received around 1,300 BTC. Then it added more tranches, including 3,600 BTC and 4,225 BTC in later transfers.

Each movement came from Binance controlled wallets. This suggests the exchange handled the purchases off-chain before moving the coins into the SAFU fund address. The steady flow of transfers shows a staged accumulation strategy. Instead of a single large buy, the exchange spread purchases across several days.

Bitcoin Price Fell During the Buying Period

When Binance started the plan, Bitcoin traded near $77K. By the time the final transfer arrived, the price had dropped closer to $67K. This means the market moved against the position in the short term. Still, the exchange continued the buying schedule without major changes.

Some analysts see the move as a long term confidence signal. Large institutional purchases can remove supply from the market. But short term price action still depends on broader economic and regulatory factors.

What the Move Signals

The completed plan strengthens the SAFU fund reserve with a large Bitcoin position. The fund now holds about $1 billion in BTC. Which can act as a buffer during extreme events. The move also shows growing trust in Bitcoin as a reserve asset. Some observers believe other exchanges may follow a similar strategy. For now, the focus remains on the completed conversion. Binance has finished its $1 billion plan and the SAFU fund wallet now stands as one of the larger exchange held Bitcoin reserves.

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