Binance Plans Gradual Conversion Of $1 Billion SAFU Fund Into Bitcoin

As Bitcoin (BTC) struggles through a prolonged downturn, cryptocurrency exchange Binance has unveiled a new move aimed at reinforcing confidence in the digital asset sector. Amid this, BTC has fallen 34% over the past four months, a slide that has fueled growing debate over whether the market has entered a new bear phase. 

Against that backdrop of heightened uncertainty, Binance said it intends to take concrete steps to support the broader crypto ecosystem rather than retreat during market stress.

Based on that conviction, the company announced plans to overhaul the composition of its Secure Asset Fund for Users (SAFU). Binance said it will convert the SAFU fund’s existing $1 billion reserves, currently held in stablecoins, into Bitcoin. 

If fluctuations in Bitcoin’s price cause the SAFU fund to fall below $800 million, Binance said it will step in to replenish the balance and restore the fund’s value to $1 billion.

According to the exchange, the decision forms part of a broader, long‑term strategy to continue investing resources into the crypto industry through both favorable and challenging market conditions. 

The company said it assisted users in recovering funds from nearly 38,648 cases of incorrect deposits during the year, returning a total of $48 million. Cumulatively, Binance noted that it has helped users recover more than $1.09 billion to date.

Binance also pointed to its cooperation with global law enforcement agencies, which it said resulted in the seizure of approximately $131 million in illegally obtained funds.

On transparency, Binance said that by the end of 2025, its proof‑of‑reserves showed user assets totaling about $162.8 billion, fully backed across 45 different crypto assets.

As of this writing, BTC is trading at $83,336, marking an 8% decline over the past week. Similarly, Binance Coin (BNB), the exchange’s native token, has dropped 5% during the same period and is currently hovering at around $848 per token. 

Featured image from OpenArt, chart from TradingView.com