While the broader market watches the charts for signs of a bottom, Binance is quietly executing one of the largest government bond migrations in its history.
According to data, the exchange’s Secure Asset Fund for Users (SAFU) completed a purchase of 4,225 BTC worth $299.6 million on February 9. marked by Wu Blockchain. This final purchase yields the fund’s total Bitcoin [BTC] owns up to 10,455 BTC, worth approximately $734 million.
Binance appears to be moving away from stablecoins and instead positioning Bitcoin as the main reserve asset to protect users.
How has the SAFU Fund changed over time?
Binance launched the SAFU Fund in 2018 to protect users from hacks and major losses, allocating 10% of trading fees to build this emergency reserve.
Historically, the majority of the fund was held in stablecoins such as USDC and BUSD to minimize price volatility so that users could receive stable payouts during a crisis.
But in January 2026, Binance changed its strategy. It announced that it would slowly convert its entire $1 billion fund into Bitcoin within 30 days.
So far, the exchange has completed approximately 73.4% of this transition. Instead of buying all the Bitcoin at once, Binance spreads its purchases over time.
This approach helps smooth out sudden price swings and prevent unnecessary market volatility.
Backup plan
In addition to this strategy, Binance has also made an important promise: if the fund’s value falls below $800 million, it will inject more capital to bring it back to $1 billion.
This commitment creates strong downside support for Bitcoin during market downturns and strengthens user protection.
This also isn’t the first time Binance has used its security fund to send a message to the broader crypto market.
In March 2023, following the collapse of several crypto exchanges, Binance shifted nearly $1 billion in BUSD to Bitcoin, Ethereum, and BNB.
At the time, many analysts viewed this move as a major vote of confidence, and the market recovered shortly afterwards.
For this reason, observers are now comparing Binance’s current strategy with the successful 2023 shift. In 2026, however, the approach is more targeted than ever.
Instead of spreading the money across multiple assets, Binance is putting most of its faith in Bitcoin alone, showing that it views BTC as the strongest and most reliable foundation for long-term security.
Buying during a market dip
This is happening at a time when the broader market is under short-term pressure.
At the time of writing, Bitcoin was trade almost $68,972, reflecting a loss of 2.7%, while BNB was float nearly $625 after a 2.78% decline.
These declines show that the overall crypto market is experiencing a temporary downturn. However, this does not mean that the sector is collapsing.
Despite the price weakness, Bitcoin’s market dominance remains stays strong at 59.31%, indicating that investors are moving their money away from riskier altcoins and into Bitcoin, rather than abandoning the crypto ecosystem altogether.
Final thoughts
- The 73% completion rate shows that this is a planned strategy and not a short-term measure.
- By buying slowly, Binance avoids sudden price shocks in the market.