Binance Converts SAFU Stablecoins into Bitcoin, Buys Additional 1,315 BTC
The exchange completed a second purchase for its SAFU fund amid a BTC price decline, bringing two-day purchases to 2,630 BTC.
Binance has moved ahead with converting $1 billion of its SAFU stablecoin reserves into Bitcoin, completing a second purchase of 1,315 BTC (roughly $100.4 million) and bringing its two‑day total to 2,630 BTC (about $201.12 million), according to reports and on‑chain tracking data [1][4][2].
The purchases occurred amid a sharp market downturn: Bitcoin slipped below $73,000 before rebounding toward roughly $76,000 amid heavy liquidations, and observers noted the conversion of SAFU reserves to BTC may be intended to bolster user protections and market confidence [2][3].
On‑chain intelligence cited in coverage identified the SAFU purchases, which were reported across multiple crypto outlets and tracker data providers [1][2].
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Citations
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- 1As Bitcoin (BTC) Continues to Fall, Binance Begins $1 Billion Worth of Purchases!Bitcoin Sistemi• Feb 4, 2026
- 2Binance Buys $100M in Bitcoin Amid Crypto Market SlideCoindoo• Feb 4, 2026
- 3Binance completes second batch of Bitcoin conversion, acquires $100M in BTCCrypto Briefing• Feb 4, 2026
- 4Just-In: Binance Buys Additional 1,315 BTC for SAFU FundCoinGape• Feb 4, 2026
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