Binance has started converting its $1 billion Secure Asset Fund for Users (SAFU) into Bitcoin to strengthen user protection.

As part of this move, the exchange purchased 1,315 $BTC worth about $100.7 million on January 29, 2026.

The decision reflects Binance’s strategy to rely more on Bitcoin during uncertain market conditions.

CEO Richard Teng said the conversion is aimed at preserving the long-term value of the SAFU fund.

Market participants have reacted positively, seeing the move as a vote of confidence in Bitcoin.

Bitcoin is increasingly viewed as a stable, long-term asset compared to other options.

The move also reduces risks linked to inflation and dollar-pegged stablecoins.

Overall, Binance’s action highlights its continued focus on transparency and user fund security.

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