Binance Converts $1B SAFU Fund to Bitcoin: 15,000 BTC Move Signals Confidence

In a major strategic shift, leading cryptocurrency exchange Binance has converted the entire $1 billion balance of its Secure Asset Fund for Users (SAFU) into approximately 15,000 Bitcoin (BTC). Established in 2018, the SAFU fund acts as an emergency insurance reserve to protect users in extreme scenarios. This conversion from stablecoin holdings to Bitcoin underscores Binance's long-term bullish outlook on the premier cryptocurrency. The move is seen as a significant vote of confidence in Bitcoin's role as a store of value and its resilience within the digital asset ecosystem. Market analysts suggest that allocating such a substantial safety net to BTC could influence institutional perception and reinforce Bitcoin's position as a foundational asset. The decision highlights a growing trend among crypto-native institutions to hold treasury assets primarily in Bitcoin rather than fiat-pegged stablecoins.