Binance has executed a major purchase for its user protection fund, acquiring $299.6 million worth of Bitcoin. This latest move advances the exchange’s strategy to convert its entire $1 billion Secure Asset Fund for Users into Bitcoin, with the transition now 73.4% complete. The shift positions Bitcoin as the fund’s primary reserve asset, moving away from its previous stablecoin holdings.
Binance has significantly increased the Bitcoin holdings of its Secure Asset Fund for Users (SAFU). Data highlighted by Wu Blockchain shows the fund finalized a purchase of 4,225 BTC worth $299.6 million on February 9th.
This brings the SAFU fund’s total Bitcoin holdings to 10,455 BTC, valued at approximately $734 million. The exchange is shifting away from stablecoins to use Bitcoin as the primary reserve asset safeguarding users.
Binance launched the SAFU fund in 2018, allocating 10% of trading fees to build an emergency reserve. Historically, the fund was held largely in stablecoins like USDC and BUSD to ensure stable payouts during a crisis.
In January 2026, the exchange announced a new strategy to convert the entire $1 billion fund into Bitcoin within 30 days. The exchange has so far completed around 73.4% of this planned transition.
Binance is spreading its Bitcoin purchases over time to mitigate sudden price fluctuations. The company has also committed to replenishing the fund if its value falls below $800 million.
This strategy creates strong downside support for Bitcoin during market declines. It also strengthens user protection, according to the announcement.
This mirrors a similar strategic shift Binance made in March 2023 following the collapse of several crypto exchanges. At that time, the company moved nearly $1 billion in BUSD into Bitcoin, Ethereum, and BNB.
Many analysts then viewed the move as a major vote of confidence. The current strategy, however, is more focused squarely on Bitcoin as the foundation for long-term security.
The buying occurs during a period of short-term market pressure. Bitcoin was trading near $68,972, reflecting a loss of 2.7%, while BNB hovered near $625 after falling 2.78%.
Despite the price weakness, Bitcoin’s market dominance remains strong at 59.31%. This indicates investors are moving funds into Bitcoin rather than exiting the crypto ecosystem altogether.
