Key Highlights:
- Binance added another $100 million in Bitcoin (BTC) to SAFU today, February 4, 2026.
- The total Bitcoin bought by Binance SAFU is 2,630 BTC.
- The full SAFU conversion into Bitcoin is expected to be completed within 30 days of announcement.
Binance, the world’s largest cryptocurrency exchange, has added 1,315 more BTC, which are worth $100.42 million, to its SAFU fund. With this purchase the total buys for this fund has come down to 2,630 BTC, which is worth $201.12 million as per Arkham Intelligence.
This purchase is a part of Binance’s plan to convert $1 billion of SAFU reserves into Bitcoin. This plan was announced on January 30, 2026.
SAFU Fund’s Origin
The SAFU fund was launched back in July 2018, and it was created to protect users during emergencies as there were many crypto hacks that were taking place at that time.
Binance, for this very same reason, had set aside around 10% of its trading fees to build this fund. This fund is now worth about $1 billion and is stored in secured cold wallets. It was originally held mainly in stablecoins like USDC.
Binance is now shifting this fund into Bitcoin. The company plans to complete the full conversion within 30 days and will maintain the $1 billion level, adding more BTC if market volatility pushes the fund below $800 million.
The Recent Market Crash Drama
Tension rose in late January 2026 when OKX CEO Star Xu publicly blamed Binance for the recent crash in Bitcoin on October 10, 2025.
Xu claimed that Binance’s aggressive user-growth campaigns promoting Ethena’s USDe tokens encouraged excessive leverage. and caused a fast depegging event. This then led to widespread losses for global users, which included those on OKX.
Binance faced a major criticism as some of the community members holding the exchange responsible for the crash. The exchange and a few leaders from the industry pushed back and stated that the sell-off was all because of macro factors such as President Trump’s tariffs and broader market stress and not because of the platform.
Binance also said that their system remained stable and it quickly deployed $283 million to compensate affected Earn product users. In this way, the exchange gained community backing and confirmation that external forces caused the volatility.
Bitcoin’s Current Landscape
The price of the token dropped below the $80,000 mark recently and the price of the token is currently hovering around the $76,000 mark. At press time, the price of the token stands at $76,363.67 with a drop of 3.1% in the last 24-hours as per CoinGecko. The Fear and Greed index is down to 14 which indicates extreme fear within the crypto market.
Strategic Impact of SAFU Purchases
These BTC buys indicate that Binance is strengthening its SAFU fund to address crash-related criticism and rebuild user trust. By moving SAFU into Bitcoin, something that critics had earlier suggested, Binance reduces reliance on stablecoins and lowers fiat risk.
According to the plan, the exchange will buy around $1 billion worth of BTC within the next 30 days of releasing the statement. The exchange has bought over $200 million in BTC at around $76,500-$76,587 per coin. This move also turns SAFU into a potential Bitcoin treasury that could increase in value as the time passes by and this would improve the fund’s safety buffer as well.
Also Read: Bitcoin Mirrors Past Downturn Patterns as Unrealized Losses Turn Higher
