Binance is now among the top 10 institutional holders of Bitcoin, with its Secure Asset Fund for Users (SAFU) reaching the $1 billion milestone. Following its latest purchase of 4,500 BTC, the SAFU fund has completed its $1 billion Bitcoin conversion plan. The exchange now holds 15,000 BTC, overtaking Coinbase, which holds 14,548 BTC.
Binance SAFU Fund Hits $1B, Edges Past Coinbase
According to the latest findings of EmberCN, the Binance SAFU fund has hit $1 billion, successfully completing its target. The platform bought 15,000 BTC, worth about $1.05 billion, at an average price of $70k per coin.
The latest purchase includes 4,545 coins, worth around $304 million. Arkham Intelligence data reveals that the platform has completed its $1 billion Bitcoin conversion plan with this move. As the Binance SAFU fund now holds 15,000 coins, it ranks among the top 10 Bitcoin treasuries, placed just above Coinbase. On BitcoinTreasuriesNet, Coinbase is ranked 8th among publicly listed BTC treasury companies, with about 14,548 BTC in holdings.
It is also worth noting that the Binance SAFU fund now holds more BTC than countries like North Korea and Bhutan, which hold 13,562 and 10,769 coins, respectively. The exchange’s BTC holdings are also ahead of other industry giants like Hut 8 Mining Corp, Strive, CleanSpark, and Trump Media.
Inside Binance’s Bitcoin Accumulation Strategy
As CoinGape reported, on January 31, 2026, Binance initially announced its decision to convert its stablecoin reserves into Bitcoin over a 30-day period. In less than two weeks, the platform completed the entire conversion, significantly boosting the Binance SAFU fund holdings.
Notably, the crypto exchange executed the Bitcoin purchases in multiple batches. This shows the company’s gradual accumulation strategy amid the ongoing crypto market crash. The EmberCN data unveiled that Binance initially bought 1,315 BTC for $100 million, followed by another purchase of the same amount. The platform later accumulated 3,600 BTC for $250 million, 4,225 BTC for $300 million, and finally 4,545 BTC for another $300 million at $66,006, which was the lowest price among the transactions.
As of press time, the BTC price is marked at $66,939. When Binance started this plan, Bitcoin was trading at around $77k. Soon, the cryptocurrency continued to fall, and despite this downtrend, the company continued to accumulate BTC. This indicates Binance’s confidence in the long-term potential of the pioneer crypto. By the time of the last purchase, BTC fell to a low of $67k.
Source: https://coingape.com/1b-binance-safu-fund-enters-top-10-bitcoin-treasuries-overtakes-coinbase/
