The passage frames the move as a structural decision tied to asset durability rather than a short-term response to market conditions.
The letter further explained how the SAFU fund will be managed after the conversion, stating:
FAQ ⏰ Why is Binance converting the SAFU fund into bitcoin? Binance says BTC represents long-term value and will anchor the $1 billion SAFU fund for user protection. How will Binance manage SAFU if bitcoin prices fall? Binance plans to rebalance SAFU back to $1 billion if its value drops below $800 million. How much user asset recovery did Binance report for 2025? Binance said it helped recover $48 million in 2025, pushing cumulative recoveries past $1.09 billion. What did Binance disclose about proof-of-reserves? The exchange reported $162.8 billion in fully backed user assets across 45 crypto assets.
