Binance, the world’s largest cryptocurrency exchange, has announced major plans to convert its entire $1 billion to the Secure Asset Fund for Users (SAFU) reserve from stablecoins into Bitcoin.
This move highlights the exchange’s long-term confidence in Bitcoin and comes at a time when crypto markets remain highly volatile.
In a recent open letter to the crypto community, Binance says it plans to gradually convert the entire $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin. The conversion is expected to be completed within 30 days of the announcement.
The SAFU was created in July 2018 after a major security breach. Since then, it has acted as an emergency safety net for users, funded through a portion of Binance’s spot trading fees.
However, the fund has traditionally been held in stable assets to ensure quick access during crises.
Binance exchange explained that it now views Bitcoin as the most reliable long-term store of value in the crypto ecosystem.
Therefore, to manage risk, Binance introduced a clear safeguard. If the value of the SAFU fund drops below $800 million due to Bitcoin price swings, the company will add more Bitcoin to bring the fund to $1 billion.
This approach means Binance will buy Bitcoin during dips to maintain protection levels.
The move builds on Binance’s broader security efforts throughout 2025. During the year, the exchange helped recover $48 million across 38,648 cases of incorrect deposits. Binance also said it assisted 5.4 million users in identifying potential risks, preventing nearly $6.9 billion in scam-related losses.
In addition, Binance worked closely with global law enforcement agencies, leading to the seizure of $131 million in illicit funds.
By the end of 2025, Binance’s proof-of-reserves report showed user assets totaling $163 billion, fully backed across 45 different crypto assets.
The decision has been welcomed by many in the crypto space. Prominent Bitcoin investor Lark Davis called the move bullish, noting that converting $1 billion into Bitcoin is a major signal of confidence.
He compared Binance’s approach to the long-term Bitcoin accumulation strategy often associated with Michael Saylor.
Binance says Bitcoin offers stronger long-term value and resilience, making it a better reserve asset to protect users during extreme market events.
Binance set a safeguard: if SAFU drops below $800M, it will buy more Bitcoin to restore the fund to $1B.
The exchange plans to gradually complete the full conversion from stablecoins to Bitcoin within 30 days of the announcement.
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