Binance completes second batch of Bitcoin conversion, acquires $100M in BTC
The proceed is half of a thought to noticeably change $1 billion in stablecoin reserves into Bitcoin.
Binance has completed the second batch of its Bitcoin conversion for the Precise Asset Fund for Customers (SAFU), acquiring an additional $100 million in BTC.
The crypto alternate launched the transaction by job of its official X myth, providing the public pockets address and transaction ID for verification.
#Binance SAFU Fund Asset Conversion development change.
Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.
Our SAFU BTC address:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDTXID: https://t.co/xm87A7Zd9T
We’re persevering with to… pic.twitter.com/i3H2cCYYB2
— Binance (@binance) February 4, 2026
Binance launched the conversion initiative in late January 2026, pledging to shift its total $1 billion SAFU fund from stablecoins to Bitcoin within 30 days.
The foremost batch, completed on February 2, transferred approximately 1,315 BTC valued at round $100 million.
SAFU used to be established in 2018 as an emergency reserve funded by a share of buying and selling costs. The fund contains a rebalancing mechanism to preserve a minimal payment of $800 million all the scheme in which by scheme of Bitcoin impress fluctuations.
