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- Binance converted $300 million in stablecoins into 4,225 BTC for SAFU, lifting the fund’s BTC balance to 10,455 BTC.
- Trump-linked USD1 supply reached 5 billion, and Arkham and Nansen estimate that about 85% of USD1 is held in Binance accounts
Binance completed the purchase of 4,225 BTC for its Secure Asset Fund for Users (SAFU), using $300 million worth of stablecoins as part of an ongoing reserve conversion. The exchange framed the move as a progress update in a plan to shift a portion of SAFU holdings from stablecoins into Bitcoin within 30 days of its original announcement.
As we previously reported, the exchange plans to convert the SAFU fund’s $1 billion stablecoin reserves into Bitcoin. SAFU will be rebalanced back to $1 billion if the fund’s value drops below $800 million due to Bitcoin price moves.
#Binance SAFU Fund Asset Conversion progress update.
Binance has completed the purchase of 4225 BTC for the SAFU Fund, amounting to 300M USD stablecoins.
Our SAFU BTC address now holds 10,455 BTC:
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDTXID: https://t.co/ZnE2h3ZN7H
We’re… pic.twitter.com/IUzdLMPdVI
— Binance (@binance) February 9, 2026
Following the transaction, the SAFU fund’s Bitcoin balance now stands at 10,455 BTC. The exchange published the fund’s BTC address and referenced a transaction hash to support onchain verification.
SAFU is Binance’s user protection reserve, set aside to provide coverage during emergencies. The exchange indicated additional Bitcoin buying is still underway and that more updates will be released as further conversions are completed.
Trump-Linked World Liberty Financial Ties Keep Binance in Focus
Separate reporting has kept attention on Binance’s relationship with Trump-linked World Liberty Financial. The company’s stablecoin, USD1, now has a circulating supply of around $5 billion, placing it among the largest stablecoins by size. The stablecoin is pegged to the dollar and is generally employed to conduct trade and transfer between crypto exchanges.
Market data estimated that about 85% of USD1 in circulation is held in accounts on Binance, despite the platform being available only outside the United States. That concentration has increased interest in the exchange’s tie-up with America’s first family and the implication on the US government’s future treatment of crypto.
The relationship has also drawn political scrutiny because President Donald Trump has a business connection to the stablecoin issuer. CNF previously noted that Trump issued a pardon to Binance founder Changpeng Zhao.
Last month, Binance launched an airdrop campaign to distribute $40 million worth of WLFI tokens to eligible users who hold USD1 on the exchange. As we reported, the campaign runs from January 23, 2026, to February 20, 2026, with rewards paid weekly.
Binance Coin was trading at $632 at the time of reporting after a 3.4% dip. Its 24-hour trading volume was $1.74 billion, with a market cap of $86.26 billion.
