Binance buys another 4,545 Bitcoin worth $305,000,000 for its ‘SAFU’ fund
The post Binance buys another 4,545 Bitcoin worth $305,000,000 for its ‘SAFU’ fund appeared on BitcoinEthereumNews.com.
Binance has finally completed its emergency reserve strategy with the acquisition of another 4,545 Bitcoin, worth $305 million, for its Secure Asset Fund for Users (SAFU). The latest acquisition thus concludes Binance’s $1 billion transaction from stablecoins to Bitcoin. The crypto exchange confirmed that the fund now has approximately 15,000 BTC. “With SAFU Fund now fully in Bitcoin, we reinforce our belief in BTC as the premier long-term reserve asset. Thank you for your continued trust and support. We remain committed to transparency and security,” the exchange wrote on X. According to the crypto exchange’s SAFU explainer, the fund was established to protect customers against unexpected incidents such as hacks, security breaches, or system failures. The reserve has historically been held in stablecoins to preserve its value during market stress, but Binance has swapped the assets to Bitcoin in two instances within the last 3 years. Binance final tranche of Bitcoin purchases completes $1 billion fund The latest acquisition is the final stage of Binance’s plan to convert the entire SAFU reserve into Bitcoin. Per data compiled by the blockchain tracking service Arkham Intelligence, the crypto trading platform accumulated its holdings through five rounds of large transactions executed since January 30. As reported by Cryptopolitan earlier this week, Binance added 4,225 BTC at $71,006 per coin, valued at more than $300 million to the fund. Three days earlier, the reserve had acquired 3,663 BTC worth about $237 million. The buying campaign also included two separate purchases of 1,315 BTC each, worth roughly $100 million per transaction, completed about five and seven days before the final tranche at about $76,045 per coin. The acquisition of 3,600 BTC cost nearly $69,444. The final buyout of 4,545 BTC was acquired at approximately $66,006, the lowest entry price among the transactions. The average blended…
Filed under: News - @ February 12, 2026 10:29 am