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Binance Completes $1B SAFU Fund Shift to Bitcoin

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Binance to Convert $1B SAFU Fund From Stablecoins to Bitcoin


Binance converts $1 billion SAFU fund fully into Bitcoin, buying 4,545 BTC to finish its reserve overhaul.

Binance announced on Thursday that it has finished converting its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin, purchasing a final tranche of 4,545 BTC and bringing total holdings to 15,000 BTC.

The exchange’s decision to shift its emergency insurance reserve into BTC rather than a dollar-pegged asset reversed its position from April 2024 and placed roughly $1 billion of user protection funds directly into the cryptocurrency with the largest market cap.

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Conversion Completed Within 30-Day Window

Binance executed the rebalancing in several separate purchases between February 2 and February 12, according to on-chain data monitored by Lookonchain. The final transaction of 4,545 BTC, valued at $304.5 million, brought the total worth of the holding to just over $1 billion based on Bitcoin’s current price around $67,000.

The exchange first announced the conversion plan on January 30, saying the process would conclude within 30 days. However, the completion fell nearly halfway through that window, with the SAFU wallet address, which Binance made public, now holding 15,000 BTC.

The Secure Asset Fund for Users was created in 2018 as an insurance pool to cover user losses in extreme events such as exchange hacks. In April 2024, Binance converted the fund entirely into USDC, describing the move at the time as a stability measure. The completion now marks a full reversal of that approach.

Binance said it views Bitcoin as “the premier long-term reserve asset” and framed the decision as aligning SAFU with that position. The firm also stated it will rebalance the fund if its value falls below $800 million due to price declines.

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Market Context

Back when the move was announced, it drew immediate comment from market observers, with crypto commentator Garrett describing the conversion on X as “a direct capital injection into the market” and “what responsible builders do.”

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The announcement arrived as CryptoQuant data showed Binance accounted for roughly 41% of spot trading volume among the top 10 exchanges in 2025. The exchange also maintains similarly high shares in Bitcoin perpetual futures and stablecoin reserves.

Meanwhile, at the market, the OG cryptocurrency was trading around the $67,300 level at the time of this writing, up slightly by about 0.5% in the last 24 hours, but in the red over seven days after suffering a nearly 5% dip per CoinGecko data.

The situation is the same across longer timeframes, with BTC shedding just under 24% of its value over the past fortnight and nearly 30% in the last month to keep its price more than 46% below its all-time high above $126,000 reached in October 2025.

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Crypto World

World Foundation Sells $65M in WLD as Token Hits Record Lows

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World Foundation Sells $65M in WLD as Token Hits Record Lows

Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows.

In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20. The transactions were priced at an average of roughly $0.27 per token, suggesting that around 239 million Worldcoin (WLD) changed hands.

“This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” World Foundation wrote on X.  

Of the total, $25 million worth of tokens are subject to a six-month lockup, while the remainder were immediately liquid.

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Related: World launches AgentKit with Coinbase integration to enable human-verified AI agents

WLD hits new low

Following the announcement, WLD briefly fell to an all-time low of around $0.24 before recovering to $0.27, leaving it down about 97% from its March 2024 peak near $11.82. The token is currently trading at $0.2725, up by 0.28% over the past day, according to data by CoinMarketCap.

WLD price. Souce: CoinMarketCap

Additional supply pressure may be on the horizon. A major community token unlock is scheduled for July 23, covering roughly 52.5% of the token’s 10 billion total supply, according to DefiLlama.

Meanwhile, the new sale also comes at a steep discount to prior rounds. In May last year, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain Capital Crypto.

Related: Tools for Humanity expands World app toward super-app model

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Thailand raids World-linked iris scanning site

In October last year, authorities in Thailand raided an iris-scanning site linked to World. The country’s Securities and Exchange Commission, working with the Cyber Crime Investigation Bureau, said the service may have violated digital asset laws by operating without a license, leading to arrests and an ongoing investigation.

The move added to a growing list of regulatory challenges for World. Since launching in 2023, the project has faced probes and pushback in several countries, including Indonesia, Germany, Kenya and Brazil, with concerns ranging from licensing issues to the handling of sensitive biometric data.

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