The world’s largest crypto change Binance on Wednesday stated it has bought a further 1,315 BTC for its SAFU Fund. That is a part of changing $1 billion of its SAFU reserves from stablecoins into Bitcoin after the current crypto market crash.
Binance Expands SAFU Fund to 2,630 BTC
Committing to guard its customers amid the crypto massacre, Binance has acquired a further 1,315 BTC price nearly $100.42 million for its SAFU fund, in line with Arkham knowledge on February 4.
This newest addition marks the second buy this week, bringing the full accumulation to 2,630 BTC price round $201.12 million. The transfer aligns with Binance’s broader technique to convert as much as $1 billion of its SAFU reserves from stablecoins into Bitcoin over 30 days.
Binance formally confirmed the progress, stating that the second batch of $100 million in stablecoins conversions to BTC is accomplished. “We’re persevering with to accumulate Bitcoin for the SAFU fund, aiming to finish conversion of the fund inside 30 days of our unique announcement,” the crypto change stated.
#Binance SAFU Fund Asset Conversion progress replace.
Binance has accomplished the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.
Our SAFU BTC deal with:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDTXID: https://t.co/xm87A7Zd9T
We’re persevering with to… pic.twitter.com/i3H2cCYYB2
— Binance (@binance) February 4, 2026
On Monday, Binance transferred roughly 1,315 BTC from Binance sizzling wallets to the SAFU Fund pockets deal with “1BAuq.” This growth comes amid volatility and uncertainty within the crypto market.
Bitcoin Worth Holds Above $76K
Bitcoin value stays beneath promoting strain amid “excessive concern” sentiment and skinny liquidity. BTC fell 3% over the previous 24 hours, with the worth at present buying and selling at $76,435. The 24-hour high and low are $72,897 and $78,974, respectively.
Moreover, buying and selling quantity has elevated by 40% within the final 24 hours, indicating that merchants reacted to Binance buying further BTC for the SAFU fund. Nevertheless, specialists resembling Michael Burry warns Bitcoin value crash and its implications for treasury firms and conventional monetary markets.
CoinGlass knowledge confirmed slight shopping for up to now throughout the derivatives market as merchants search for additional cues. On the time of writing, the full BTC futures open curiosity jumped 0.19% to $51.15 billion within the final 4 hours. Notably, BTC futures OI is down almost 1% in 24 hours, with 1.32% fall on CME and 1.92% droop on Binance.
