Binance Moves $100 Million SAFU into Bitcoin, Plans Full $1 Billion Conversion

Highlights:

• Binance converted $100 million from SAFU into Bitcoin as part of a $1 billion plan.
• The SAFU fund is now backed fully by Bitcoin to protect during market volatility.
• On-chain data shows Binance may continue buying Bitcoin despite cautious market predictions.

Binance has started its plan to turn the Secure Asset Fund for Users (SAFU) into Bitcoin. On February 2, blockchain data showed the SAFU address received 1,315 BTC, worth $100.7 million. Binance later confirmed the transfer, saying $100 million in stablecoins had been converted into Bitcoin. This is the first step in a 30-day plan to move the full $1 billion SAFU fund into Bitcoin. With $900 million still to go, more purchases are expected soon. The timing is notable because Bitcoin is still trading below $80,000, a level many investors watch closely.

#Binance SAFU Fund Asset Conversion progress update.

Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins.

Our SAFU BTC address:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD

TXID: https://t.co/OdrvSINsRs

We’re continuing to… pic.twitter.com/Ue47ayJfbS

— Binance (@binance) February 2, 2026

“I am always surprised that those who have the most to lose by a falling bitcoin ($80,000 line in the sand) don’t defend it over the weekend,” said Jim Cramer from CNBC’s Mad Money. He commented after a tough weekend for Bitcoin, showing a mix of optimism and concern in the market.

I am always surprised that those who have the most to lose by a falling bitcoin ($80,000 line in the sand) don't defend it over the weekend.

— Jim Cramer (@jimcramer) January 31, 2026

Binance SAFU Fund Now Backed by Bitcoin, Plans More Purchases

Analyst AB Kuai Dong said the announcement is important. He explained, “Binance has already bought $100 million in Bitcoin and plans to buy $900 million more.” He also noted that the SAFU fund’s rules could make this effect stronger. If Bitcoin’s price drops too much and the fund falls below its minimum, Binance would need to buy more BTC to bring it back to balance.

The SAFU fund started in 2018 as a safety pool for users, funded by trading fees. Previously, Binance moved its stablecoins from BUSD to USDC to keep the fund liquid and tied to the US dollar. However, Binance has now completely removed stablecoins and now secures the funds with Bitcoin. They consider Bitcoin to be the long-term store of value in the industry. This means that the fund will now serve as a safety net in times of market volatility. If the prices of Bitcoin go down, Binance will have to replenish the pool.

Data indicates Binance may be preparing to acquire more Bitcoin. Earlier, the SAFU address signed new recipient addresses. This is typically an indication that the system is ready to receive more transactions. At the same time, other big holders seem more confident. Michael Saylor, executive chair of Strategy, posted a cryptic “More Orange” message on X, which many think hints at another Bitcoin purchase.

Bitcoin Market Shows Mixed Signals Despite Binance Buying

Even with these indicators, the prediction market is more conservative. On Polymarket, the chances of Bitcoin dropping below $65,000 in 2026 rose to 72% on Monday, with nearly $1 million in bets placed. Other bets included a 61% chance of dropping below $55,000 and a 54% chance of reaching $100,000 by the end of the year. Binance’s $100 million acquisition is a very strong move, but market sentiment is still very weak due to strong selling pressure.