Binance confirmed it has converted a further tranche of stablecoins into bitcoin for its SAFU reserve, lifting the fund’s holdings to 10,455 BTC worth about $734 million.
The purchase forms part of Binance’s plan to shift the entire $1 billion SAFU reserve into bitcoin over 30 days, with the exchange saying the latest batch involved 4,225 BTC.
“Binance SAFU Fund just bought another 4,225 $BTC ($299.6 million), bringing its total purchase to 10,455 $BTC ($734 million),”
Said on-chain analytics firm, Lookonchain.
The SAFU Fund, created in 2018 and funded by about 10% of trading fees, was historically held largely in stablecoins before Binance announced the phased bitcoin conversion in January 2026.
Some traders argue SAFU reallocations have coincided with major market turning points, pointing to March 2023 when a similar conversion preceded a sharp crypto rally.
Others caution that the moves may simply reflect treasury strategy rather than a predictive signal, as Binance could be strengthening the long-term value of an emergency reserve during a market dip.
Whether SAFU’s ongoing bitcoin accumulation proves to be a reliable indicator of crypto cycles or just a coincidence is likely to become clearer as the conversion programme continues.
At the time of reporting, Bitcoin price was $70,347.33.