Bitcoin sees inflows as Binance converts $1B SAFU reserve

Binance is moving its user-protection reserve, the Secure Asset Fund for Users (SAFU), into Bitcoin and aligning it with a defined threshold policy intended to stabilize the pool’s value during volatility. This report focuses on what is confirmed, what remains unverified, and how users can cross-check holdings and policy details.

Yes: Binance SAFU now top-10; Coinbase overtaking remains unconfirmed

According to Coingape, Binance’s SAFU has joined the top 10 institutional Bitcoin treasuries following a $1 billion allocation plan, with some headlines framing the move as overtaking Coinbase’s Bitcoin position. While that framing has circulated, on-chain comparisons sufficient to confirm a definitive “overtake” were not provided in the cited materials, so the claim remains unverified in this brief.

Methodology matters to this comparison. Corporate treasuries, exchange reserves, and designated insurance funds serve different purposes and are tracked with different datasets; without clearly scoped, like-for-like measurements tied to verifiable wallets, cross-entity rankings should be treated cautiously.

What changed: $1B conversion to Bitcoin and active rebalancing policy

According to CryptoNews.com, Binance outlined a 30‑day plan to convert roughly $1 billion in SAFU assets from stablecoins into Bitcoin. The shift increases market exposure for an emergency pool that previously relied more on dollar‑pegged instruments, making the fund’s nominal value more sensitive to BTC price swings.

Binance has also stated a top‑up mechanism that maintains an $800 million floor if market drawdowns push the pool’s value below that level; the policy indicates the fund would be replenished as needed to stay near its target size. In practice, this structure seeks to balance a more transparent, on‑chain reserve with a capital maintenance rule intended to preserve user protection capacity during volatility.

Holdings, purchase timeline, $800M floor, and verification steps

A staged purchase pattern has been visible. Coinfomania reported a recent transfer of about 4,545 BTC into the SAFU reserve, citing Arkham wallet data for the inbound movement. Separately, CryptoRank highlighted a roughly $300 million Bitcoin buy as part of the build‑out, consistent with the multi‑tranche execution described across coverage.

As the accumulation progressed, Yellow News reported the SAFU reserve reached its $1 billion goal, indicating Binance continued adding BTC after the early tranches. For an aggregated snapshot of progress mid‑conversion, CCN wrote that the program was “bringing total SAFU holdings to about 10,455 BTC,” reflecting interim levels before subsequent top‑ups.

Verification is possible because wallet activity tied to the fund has been flagged in third‑party monitoring and referenced in company disclosures. Users can check labeled SAFU addresses on‑chain, review Binance statements describing the $800 million floor and top‑up policy, and compare observed transfers against independent trackers such as those used in the Arkham‑referenced reporting to corroborate balances and flows over time.

At the time of writing, Bitcoin traded near $67,150, providing neutral context for the dollar value of recent inflows and the operation of the fund’s floor mechanism during market moves.